Glossary
| Term | Description |
|---|---|
| Fees |
These are charges that cover costs not associated with the student's course load, such as costs of some athletic activities, clubs, and special events. |
| Financial Aid |
Financial aid refers to money available from various sources to help students pay for college. |
| Financial Aid Package |
The total amount of financial aid a student receives. Federal and non-Federal aid such as grants, loans, or work-study are combined in a "package" to help meet the student's need. Using available resources to give each student the best possible package of aid is one of the major responsibilities of a school's financial aid administrator. |
| Financial Need |
In the context of student financial aid, financial need is equal to the cost of education (estimated costs for college attendance and basic living expenses) minus the expected family contribution (the amount a student's family is expected to pay, which varies according to the family's financial resources). |
