• Notification of the terms and requirements of the financial aid package offered by a college.

• A financial aid application, in addition to the FAFSA, required by some schools for dispensing institutional funds.

• A program that allows students to alternate college studies with salaried work experience off-campus.

• The annual cost of attending college that is used to determine a student's financial need; includes tuition, books, fees, room and board, transportation and
  out-of-pocket expenses; also referred to as the student expense budget.

• An unmarried student under the age of 24 who has no dependents and who has access to parental support.

• The total amount a student and his or her family are expected to pay toward college costs from their income and assets.

• A formula established by Congress that evaluates the expected family contribution.

• A federally sponsored campus-based program that provides employment opportunities for students with demonstrated need.

• The total financial aid award received by the student.

• The amount by which a student's family contribution falls short of covering the student expense budget.

• A form distributed by the federal government for use by students applying for federal financial aid programs; may be mailed or filed electronically using FAFSA on the Web.

• Student financial aid, such as scholarships and grants, which does not have to be repaid and does not require a student's being employed.

• A financial award that does not have to be repaid.

A student who is not dependent on parental support and meets one of several conditions established by the federal government.

• A formula used to determine eligibility for college money.

• Money borrowed that must be paid back with interest.

• Monetary gifts based on need and/or merit that do not have to be repaid.

• Student financial aid, such as loans and jobs that require repayment or a student's being employed.

• A formula used by families whose total adjusted gross incomes are under $50,000 and who are eligible to file a 1040EZ, 1040A, or no tax return at all.

• An agreement among sixteen states which enables students to receive a waiver for out of state tuition for certain specific majors not offered in their home state.

• Virginia's coordinating body for higher education and financial aid resources.

• A report produced by the U.S. Department of Education that outlines information provided on the FAFSA, requests corrections and reports the expected family contributions.

• A method of payment offered by colleges, banks, insurance companies, and financial management organizations.