Glossary of Financial Aid Terms

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Acronyms

ACT: American College Testing Program

AFDC: Aid to Families with Dependent Children

AP: Advanced Placement

BIA: Bureau of Indian Affairs

CLEP: College-Level Examination Program

COA: Cost of Attendance

CPS: Central Processing System

CSS: College Scholarship Service

ED: US Department of Education

EDE: Electronic Data Exchange

EFC: Expected Family Contribution

EFT: Electronic Funds Transfer

ESAR: Electronic Student Aid Report

ETS: Educational Testing Service

FAA: Financial Aid Administrator

FAFSA: Free Application for Federal Student Aid

FAN: Financial Aid Notification

FAO: Financial Aid Office

FCWS: Federal College Work-Study

FDSLP: Federal Direct Student Loan Program

FFELP: Federal Family Education Loan Program

FSEOG: Federal Supplemental Educational Opportunity Grant

FM: Federal Methodology

FP: Federal Processor

GPA: Grade Point Average

GSL: Guaranteed Student Loan

IRA: Individual Retirement Account

IRS: Internal Revenue Service

ISIR: Institutional Student Information Report

MDE: Multiple Data Entry

MGSLP: Montana Guarenteed Student Loan Program

MHESAC: Montana Higher Education Student Assistance Foundation

NHSC: National Health Corps Scholarship

NMSQT: National Merit Scholarship Qualifying Test

PC: Parent Contribution

PJ: Professional Judgement

PLUS: Parent Loan for Undergraduate Students

PSAT: Preliminary Scholastic Assessment Test

ROTC: Reserve Officer Training Corps

SAF: Student Assistance Foundation

SAP: Satisfactory Academic Progress

SAR: Student Aid Report

SAT: Scholastic Assessment Test

SC: Student Contribution

SEP: Student Educational Plan

SLS: Supplemental Loan for Students

TOEFL: Test Of English As A Foreign Language

USED: US Department of Education

VA: Veterans Administration