Admissions Jargon Flashcards
Common Application- and its impact on student yield
Allows families to apply to multiple schools without having to repeat standard information on forms for each school.
Accepting the common application tends to increase application volume, but can decrease yield, as applicants apply to a larger number of schools overall.
CACHET
(College Admissions Collaborative Highlighting Engineering and Technology).
NACAC
National Association for College Admissions Counseling.
RMACAC
Rocky Mountain College Admission Counseling (Regional Chapter of NACAC).
Notification Date
May 1st = Decision Day. Students notify the institutions of their intent to enroll and make enrollment deposits.
Overarching Categories of Scholarships
Academic, Athletic, Corporate, Private Organizations
Federal Perkins Loans
No interest accrues while you are in college.
The interest rate is lower, and the repayment grace period is longer than Stafford Loan.
PLUS Loan
The Federal Parent Loan for Undergraduate Students (PLUS) allows parents,
regardless of income, to borrow up to the total cost of education minus the amount of any other.
financial aid awarded by the institution or the government.
Credit Check
Stafford Loan
Federal student loan used to supplement personal/ family resources, scholarships, grants, and work-study.
May be subsidized or unsubsidized, depending on if it is need-based.
Subsidized Loans
Need-based loans.
Interest paid by the government and payments deferred as long as the student is enrolled in post-secondary program.
William Ford Direct Loan Program
U.S. Department of Education funded loan.
Federal Pell Grant
Financial aid from Federal government to students whose FAFSA indicates a high level of financial need.
Institutional Grant
Need-based grant provided by an institution and offered to students whose families are unable to pay the full cost of college.
Do not have to be repaid.
Can still get federal grant
Difference between Institutional Grant and Need-Based Grant????
Need-Based Grant: This grant is offered, as a part of the financial aid package, when a student and his or her family are unable to pay the full cost of attending an institution. The grant does not need to be repaid.
