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The world of Financial Aid can be a swirl of confusing acronyms. The following is a list of commonly used acronyms and abbreviations to help guide you through FAA talk.
ACTÌý- American College Testing Program
AGIÌý- Adjusted Gross Income
ATBÌý- Ability To Benefit (See Federal Eligibility Requirements)
COAÌý- Cost of Attendance-- estimated student expense budgets
EDÌý- The Department of Education administers the federal financial aid program
EAPÌý- Electronic Application Processing
EFCÌý- Expected (or Estimated) Family Contribution as determined by federal methodology
ESARÌý- An Electronic Student Aid Report is the information a school receives electronically when a studentÌýÌýÌý includes a school's Title IV code on the FAFSA when applying for financial aid.
FAAÌý- Financial Aid Administrator- the staff of a college's financial aid office
FAFSAÌý- The Free Application for Federal Student Aid is the initial application for any/all of the federal Title IV programs.
FAOÌý- Financial Aid Office (or Officer)
FSEOGÌý-Ìý Supplemental Educational Opportunity Grants are additional grants given to Pell eligible students.
FWSÌý- Federal Work Study-- on-campus and community service jobs partially Federally funded that are offered to students who show unmet need
GEDÌý- General Education Degree-- the equivalent of a high school diploma administered through a high school equivalency program.
GPAÌý- Grade Point Average
PELLÌý- Federal PELL grants are basic entitlement grants awarded to students through the Title IV financial aid program
SAPÌý- Satisfactory Academic Progress. A student must be making satisfactory academic progress as defined by BCCC for students to receive financial aid
SARÌý- A Student Aid Report is a letter sent to the applicant after the federal processor has processed a student's FAFSA
SSNÌý- Social Security Number
VAÌý- Veterans Administration