7777 South Lewis Ave. Tulsa, Oklahoma 74171 (918)-495-6510 orufinaid@oru.edu Financial Aid Vocab Cheat Sheet Financial aid has a language all its own – one with lots of acronyms and industry-specific terms that can sound scary. This glossary will take some...
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7777 South Lewis Ave. Tulsa, Oklahoma 74171 (918)-495-6510 orufinaid@oru.edu Financial Aid Vocab Cheat Sheet Financial aid has a language all its own – one with lots of acronyms and industry-specific terms that can sound scary. This glossary will take some of the mystery out of these terms and help you make the best decisions about your awards. Expected Family Contribution (EFC): Student Aid Report (SAR): The amount that the federal government believes This report shows you what data is on your FAFSA, your family can contribute to one year of college. some information about the aid for which you’re Colleges use this, among other things, to determine eligible and your Expected Family Contribution financial need. (EFC). Cost of Attendance (COA): Subsidized loan: An estimate of how much it costs to attend a A need-based loan which is interest-free while college. The COA includes the price of tuition and you’re in school. fees, room and board, books and supplies and other expenses associat
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