The college application process may seem a little daunting, but with clear idea of what's involved, you can determine what you need to get done. You can avoid a lot of stress by being organized. One way to keep organized is by setting up a personal student account at MyFSA. You'll be able plan for college, apply online, and track your favorite schools.
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Glossary of Terms
Ability-to-Benefit
One of the criteria used to establish student eligibility in order to receive Title IV program assistance is that a student must have earned a high school diploma or its equivalent. Students who are not high school graduates (or who have not earned a General Education Development (GED) Certificate*) can demonstrate that they have the "ability to benefit" from the education or training being offered by passing an approved ability-to-benefit (ATB) test.
Academic Year
A period of time schools use to measure a quantity of study. For example, a school’s academic year may consist of a fall and spring semester during which a full-time undergraduate student must complete 24 semester hours. Academic years vary from school to school and even from educational program to educational program at the same school.
Accreditation
The school must have accreditation from an accrediting body recognized by the U.S. Department of Education to be eligible to participate in the administration of federal student aid programs. Accreditation means that the school meets certain minimum academic standards, as defined by the accrediting body.
Agreement to Serve
An agreement under which a student receiving a TEACH Grant commits to the specific obligation to teach for four complete years in a designated highneed field at a low-income elementary or secondary school within eight years of completing or ceasing enrollment in a TEACH Grant-eligible program.
Award Letter
An award letter from a school states the type and amount of financial aid the school is willing to provide the student accepts admission and registers to take classes at that school.
Read more at : studentaid.ed.gov/PORTALSWebApp/students/english/Glossary.jsp
