AAAD - Administrative Actions and Appeals Division
AACC - American Association of Community Colleges
AACRAO - American Association of Collegiate Registrars and Admission Officers
AACS - Association of Accredited Cosmetology Schools
AAHE - American Association for Higher Education
AAS - Associate of Science Degree
AASCU - American Association of State Colleges
ABE - Adult Basic Education
ABET - Accrediting Board for Engineering and Technology, Inc.
ABHES - Accrediting Bureau of Health Education Schools
Ability to Benefit (ATB) - Students without a high school diploma or GED may qualify for financial aid by demonstrating the ability to benefit from their program of study by passing an approved test or meeting other criteria established by the U.S. Department of Education.
Academic Program - Instructional program of a professional or non-occupationally specific nature leading toward an associate's, bachelor's, master's, doctorate, or first professional degree or resulting in credits that can be applied to one of these degrees.
Academic Support - Expenditures for the support services that are an integral part of the institution's primary mission of instruction, research, and public service.
Academic Year (AY) - The student's enrollment period for which student financial assistance/aid is most frequently awarded. The academic year for federal student financial aid recipients is defined by the school, but must meet certain minimum standards established by federal law for the number of instructional weeks and academic credit that a full time student achieves during that period
Access Missouri Financial Assistance Program - A need-based program designed to provide a simplified financial aid process, provide predictable, portable awards, and increase access to your school of choice. Your eligibility is determined by your Expected Family Contribution (EFC) as calculated through the Free Application for Federal Student Aid (FAFSA). This program is administered by the Missouri Department of Higher Education.
ACCET - Accrediting Council for Continuing Education and Training
Accreditation and Eligibility Determination Division (AEDD) - The division of the Institutional Participation and Oversight Service that includes the Initial Participation Branch, the State Liaison and Closed School Branch, and the Accrediting Agency Evaluation Branch.
Accrued Interest - Interest that builds gradually on any loan, including federal student loans. Each day, interest is calculated on the unpaid principal balance and becomes accrued interest.
ACCS/CT - Accrediting Commission of Career Schools/Colleges of Technology
ACE - American Council on Education
ACH - Automated Clearinghouse
ACICS - Accrediting Council of Independent Colleges and Schools
ACSFA - Advisory Committee on Student Financial Assistance
ACT, Inc. - American College Testing
ADA - Americans with Disabilities Act
Adjunct Faculty - A faculty position where one has an occasional or temporary affiliation with an institution or another faculty member in performing a duty or service in an auxiliary capacity.
Adjusted Gross Income (AGI) - Income figure on federal tax returns used to perform need analysis
Administrative Actions and Appeals Division (AAAD) - A division of the Institutional Participation and Oversight Service.
Administrative Wage Garnishment (AWG) - The withholding of a portion of a borrower's wages to repay a defaulted federal student loan.
Adult Basic Education (ABE) - Generally regarded as GED preparation courses.
Adult Education - Instruction designed to meet the unique needs of persons beyond the age of compulsory school attendance who have either completed or interrupted their formal education and whose primary occupation is other than full time student.
AEDD - Accreditation and Eligibility Determination Division
AEL - Adult Education and Literacy
AERA - American Educational Research Association
AFDC - Aid to Families with Dependent Children
AGB - Association of Governing Boards of Universities and Colleges
AGD - Anticipated Graduation Date
Aggregate loan limit - A borrower's maximum allowable unpaid principal amount on federal student loans throughout an academic career. Any amounts of capitalized interest or collection costs that may have been added to the principal balance are not included in the borrower's aggregate limit.
AGI - Adjusted Gross Income
AICS - Association of Independent Colleges and Schools
ALAS - Auxiliary Loans to Assist Students
American College Testing (ACT, Inc.) - An independent, not-for-profit organization that provides assessment, research, information, and program management services in the areas of education planning, career planning, and workforce development.
American Student Assistance (ASA) - The Missouri Department of Higher Education's student loan servicer. ASA is the first student loan guaranty agency and is based in Boston, Massachusetts.
Annual loan limit - The maximum amount a student may borrow during each academic year of study under the Federal Stafford Loan Program. See studentloans.gov for more information.
Anticipated Graduation Date (AGD) - The date a student is expected to complete an academic program of study, which triggers the beginning of the grace period for Federal Stafford Loans. May also be referred to as the "expected graduation date."
AP - Advanced Placement
AS - Associate of Science degree
ASA - American Student Assistance
Assignment - Language placed on or attached to a student loan promissory note indicating a change or transfer of loan ownership.
Associate Degree - The degree granted upon completion of an educational program less than baccalaureate level, requiring at least two but less than four academic years of college work.
ASVI - Alien Status Verification Index
ATB - Ability to benefit
Automated Clearinghouse (ACH) - May be used to streamline the electronic transfer of funds.
Automated Transfer of Money (ATOM) - The Missouri Department of Higher Education's student loan disbursement system.
Automatic zero - An Expected Family Contribution (EFC) status where the student's EFC is automatically set to zero because the student or the student's family has met certain circumstances under federal law or regulation.
Auxiliary Loans to Assist Students (ALAS) - A legislative title for the PLUS program from 1981 to October 1986. The title became obsolete after the enactment of the 1986 Higher Education Amendments.
Avocational Programs - Instructional programs in personal interest and leisure categories whose intent is not to produce postsecondary credits or an academic title.
AVTS - Area Vocational Technical School
Award Letter - An electronic or paper document sent to the student by the institution indicating the type(s) and amount(s) of student financial assistance/aid the student is eligible to receive.
Award Year (AY) - For federal student financial aid recipients, the calendar period from July 1 through June 30.
AWG - Administrative wage garnishment
AY - Academic year or award year or aid year
BA - Bachelor of Arts degree
Bachelor's Degree - Any earned academic degree carrying the title of bachelor. An award that normally requires at least 4 but not more than 5 years of full time equivalent college-level work.
BA - Bachelor of Arts degree
Bankruptcy - A judicial action which allows the settlement of a person's or organization's financial liabilities based entirely or partially on an inability to meet financial obligations.
Base year - The calendar year preceding the award year. For example, if the academic or award year is 2010-2011, the base year is 2009.
BBAY - Borrower-based academic year
BEOG - Basic Educational Opportunity Grant
BIA - U.S. Bureau of Indian Affairs
BLS - Bureau of Labor Statistics
Borrower - A person who obtains a loan and must repay it.
Borrower-Based Academic Year (BBAY) - An academic year that is individualized for each Federal Stafford Loan Borrower. A borrower-based academic year may be used as an alternative to the scheduled academic year to determine the period during which a student borrower may receive no more than the annual loan limit applicable to the student's grade level.
'Bright Flight' Scholarship Program - Officially known as the Higher Education Academic Scholarship Program, a Missouri state aid program administered by the Missouri Department of Higher Education.
BS - Bachelor of Science degree
Budget - A plan for saving and spending money based on financial goals.
Bursar or business office - An institution's office that is responsible for billing and collecting charges for coursework or other school charges.
Campus-Based Programs (CB) - Federal student financial aid programs administered directly by an institution's financial aid office. Campus-based aid programs include Federal Work-Study, Federal Perkins Loans, and Federal Supplemental Educational Opportunity Grants.
Cancellation - When the federal government discharges a student borrower's loan debt due to circumstances such as the borrower's death or total and permanent disability.
CAO - Chief Academic Officer
Capitalized Interest - Unpaid accrued interest that is added to a loan's principal balance. When accrued interest is capitalized, the borrower's total debt increases.
Case Management Team - A unit located in the U.S. Department of Education's Kansas City (Region IV) that oversees Missouri postsecondary institutions that participate in the Title IV programs.
CAT - Customer Acceptance Testing
CAUSE - College and University System Exchange
CB - Campus-based programs
CBA - Consumer Bankers Association
CBHE - Coordinating Board for Higher Education
CBO - Congressional Budget Office
CCA - Career College Association
CDR - Cohort default rate
Census Date - The designated day in an academic term, after most drops/adds have been completed, when the institution takes official enrollment counts.
Central Processing System (CPS) - A company that is contracted by the U.S. Department of Education to process the Free Application for Federal Student Aid.
CEU - Continuing Education Unit
CFR - Code of Federal Regulations
CGPA - Cumulative Grade Point Average, a measure of scholastic attainment computed by dividing the total number of grade points received by the total number of credits or hours of course work taken over the student's entire academic career at a specific school.
CHEA - Council for Higher Education Accreditation
Chief Operating Officer (COO) - Appointed by the Secretary of Education, responsible for the management of the Performance-Based Organization.
CIP - Classification of Instructional Programs
CIS - Central Index System
Claim - A request made by a loan holder or lender to a guaranty agency for payment of an insured student loan in the Federal Family Education Loan Program (FFELP) when the loan becomes at least 270 days delinquent or meets other federal criteria.
Classification of Instructional Programs (CIP) - The CIP is now the accepted federal government statistical standard for classifying instructional programs.
CLIPS (tm) - Comprehensive Loan Information Processing System. Electronic application software products offered by the Missouri DHE Student Loan Program.
Clock hour - A measurement of education work in real time. A clock hour consists of one of the following: 50-60 minutes of class, lecture, or recitation; 50-60 minutes of faculty-supervised laboratory, shop training, or internship; or 60 minutes of preparation for a correspondence course.
CM - Congressional Methodology
CMPPA - Computer Matching and Privacy Protection Act of 1988
Co-maker - A person who is a joint borrower on a loan and who is equally liable for repayment of the loan (e.g., spouses who borrow a Federal Consolidation Loan to repay a combination of their student loans).
COA - Cost of Attendance
Code of Federal Regulations (CFR) - All Title IV student assistance/aid programs, including the Federal Family Education Loan Program, are regulated by Title 34 of the CFR.
COFHE - Consortium on Financing Higher Education
Cohort Default Rate (CDR) - The percentage of federal student loan borrowers who default before the end of the fiscal year following the fiscal year in which they entered repayment on their loans.
Collection costs - Costs incurred in the collection of loans by the loan holder and charged to the borrower.
College Goal Sunday (CGS) - A national program to help students complete the FAFSA and offered in Missouri through a partnership between the Missouri Department of Higher Education, the Missouri Association of Student Financial Aid Personnel (MASFAP), and the YMCA.
College Life brochure - A planning guide for students from middle school through high school regarding the annual preparation steps for a successful postsecondary experience.
Comprehensive Loan Information Processing System (CLIPS (tm)) - Electronic application software products offered by the Missouri DHE Student Loan Program.
COMSHEBO - Council of Missouri State Higher Education Business Officers
Congressional Methodology (CM) - Now Federal Methodology
Consolidation - The combining of existing loans into one new loan, which can result in lower monthly payments but greater total debt.
Contact Hour - A unit of measure that represents an hour (50 - 70 minutes) of scheduled instruction given to students.
Continuing Education Unit (CEU) - Ten contact hours of participation in an organized adult continuing education or extension experience under responsible sponsorship, capable direction, and qualified instruction.
Contract Course - A course offered pursuant to grants with external agencies which provide funds that are specifically designated to be used to pay the instructional salary and other associated costs of teaching the specific courses.
Contracts and Purchasing Support System (CPSS) - A component of the Education Central Automated Processing System
COO - Chief Operating Officer
COOL - College Opportunities OnLine
Coordinating Board for Higher Education (CBHE) - A governing body comprised of 9 members who are appointed by the Missouri governor to oversee the Missouri Department of Higher Education.
COPHE - Council on Public Higher Education
Cost of Attendance (COA) - An estimate of a student's total educational expenses for an enrollment period at a specific postsecondary institution. The COA generally includes tuition and fees, room and board, books, supplies, transportation costs, and miscellaneous expenses.
COTA - Committee on Transfer and Articulation
Course Auditor - A student who is taking or sitting in on a credit course but who will not be receiving semester credits for participation in the course.
Course Level - The institutional categorization for the level of offering for instructional courses: remedial, preparatory, lower division, upper division, and graduate or professional.
CPA - Certified Public Accountant
CPS - Central Processing System
CPSS - Contracts and Purchasing Support System
Credit - An amount of money someone is willing to loan another person based on the trust that the money will be repaid with interest.
Credit Bureau - An organization that keeps information on a person's credit history. Defaulted student loans are reported to credit bureaus and remain on the borrower's credit report for seven years after the account is paid in full.
Credit Course - An educational activity for which a student must enroll and pay fees. If successfully completed, the credit course can be applied toward the number of courses required for achieving a degree, diploma, certificate, or other formal award
Credit hour - A measure of educational credit based on the number of classroom hours accumulated per week throughout a semester, trimester, or quarter.
Credit Report - A profile about you and your repayment history.
CSR - Code of State Regulations
CSS - College Scholarship Service
CTI - Committee on Technology and Instruction
CUBA - College and University Business Association
Current Funds Revenues - Unrestricted gifts, grants, and other resources earned during the reporting period and restricted to the extent that such funds were expended for current operating purpose.
Customer Acceptance Testing (CAT) - Testing performed by Missouri Department of Higher Education clients who transmit files electronically for loan processing or loan maintenance.
D-U-N-S - Data Universal Numbering System
DAA - Default aversion assistance
Data Universal Numbering System (D-U-N-S) - A nine-digit numbering system assigned by the U.S. department of Education to all participants in the Title IV programs, including schools, lenders, secondary markets, and guaranty agencies, as a result of the Single Identifier Initiative.
DCL - Dear Colleague Letter
DE - U.S. Department of Education
DEAP - Dependents Educational Assistance Program
Dear Colleague Letter (DCL) - Published by the U.S. Department of Education to interpret laws and regulations.
Dear Partner Letter (DPL) - Published by the U.S. Department of Education to interpret laws and regulations. DPLs are assigned file, or reference numbers, in similar fashion as Dear Colleague Letters.
DED - Department of Economic Development
Default - When a federal student loan payment is 270 days delinquent.
Default Aversion Assistance (DAA) - Activities that guaranty agencies must perform to encourage repayment by borrowers with delinquent student loans. A lender must submit a DAA request to the Missouri DHE Student Loan Program when a borrower is 60-120 days delinquent on a student loan.
Deferment - A postponement of payments on a federal student loan that the loan borrower is entitled to if the borrower meets deferment criteria established by federal regulation.
Degree-Seeking Student - An individual who has been admitted to a general or specific course of study or program at the completion of which a degree, diploma, certificate, or other formal award is awarded by the institution.
Delinquency - Failure to make a loan payment when it is due.
Department of Veterans Affairs (DVA) - Formerly the Veterans Administration
Dependent Student - A student who does NOT meet any of the following criteria:
- At least 24 years old by December 31 of the school year
- Graduate or professional student
- Has legal dependents other than a spouse
- Veteran of the U.S. Armed Forces
- Orphan or ward of the court
DES - Division of Employment Security
DESE - Department of Elementary and Secondary Education
DETC - Distance Education and Training Council
DFS - Division of Family Services
DHE - Missouri Department of Higher Education
Direct Loan Program - A federal student loan program through which the U.S. Department of Education offers four types of student loans: subsidized Stafford Loans, unsubsidized Stafford Loans, Parent Loans for Undergraduate Students (PLUS), and Consolidation Loans. The Direct Loan Program operates separately from the Federal Family Education Loan Program, which the U.S. Department of Education also oversees and regulates.
District - A geographical area, the boundaries for which were established by statute or other formal governmental action.
Doctoral Degree - An earned academic degree carrying the title of doctor. Not to be included are first professional degrees such as M.D. or D.D.S.
Doctoral Student - A student who has received a master's or specialist degree, or has earned at least 30 semester credit hours in graduate course work and who is enrolled in a doctoral degree program.
DOLIR - Department of Labor and Industrial Relations
Double Major - A student receives two degrees based on two independent courses of study (e.g., Business Management and Foreign Languages).
DPL - Dear Partner Letter
DPN - Data Release Number
DSS - Department of Social Services
Dual College Enrollment - Student known to be enrolled in courses at more than one institution during the semester or quarter.
Due Diligence - Federal regulatory criteria for the making, servicing, and collection of a federal student loan by Federal Family Education Loan Program lender or holder that must be performed to retain the loan's insurance.
DVA - Department of Veterans Affairs
DWD - Division of Workforce Development
EAC - Electronic Access Code
EADA - Equity in Athletics Disclosure Act
EADS - Employment Authorization Documents
EASI - Easy Access for Students and Institutions
Easy Access for Students and Institutions (EASI) - The U.S. Department of Education's project to create an integrated student assistance/aid delivery system for students and postsecondary institutions through electronic processes.
ED - U.S. Department of Education
EDCAPS - Educational Central Automated Processing System
EdD - Doctor of Education degree
EDE - Electronic Data Exchange
Education Central Automated Processing System (EDCAPS) - The U.S. Department of Education's system for financial management, contracts and purchasing, grants, administration and payment management.
EEO - Equal Employment Opportunity
EFA - Estimated Financial Assistance
EFC - Expected Family Contributions
EFT - Electronic Funds Transfer
EIN - Employer Identification Number
Electronic Student Aid Report (ESAR) - The precursor to the Institutional Student Information Record
Eleven/Twelve Month Salary Contract - The contracted teaching period of faculty employed for the whole year, usually a period of 11 months.
EMC - Exceptional Mitigating Circumstances
ENAS - Electronic Need Analysis System
Endorser - A person who signs a promissory note (along with the borrower) and agrees to pay a loan if the borrower does not.
Enrollment Status - The designation of a student as being enrolled full time, half time, or less than half time by the institution, which can affect a student's eligibility for financial assistance/aid. Enrollment status can also refer to a student's present attendance status in a postsecondary institution: first time degree seeking undergraduate, non-degree seeking undergraduate, other first year students, first time degree-seeking graduate, transfer student, continuing student, and re-admitted student.
Enrollment Verification Report (EVR) - The predecessor to a guarantor's Student Status Confirmation Report.
ESAR - Electronic Student Aid Report
ESL - English as a Second Language
Estimated Financial Assistance (EFA) - The institution's estimation of the amount of financial assistance/aid a student is eligible to receive for an enrollment period.
Ethnic Status - A division of individuals into categories reflecting common customs, traits, nativity, and/or racial backgrounds.
ETS - Educational Testing Service
EVR - Enrollment Verification Report
Exceptional Mitigating Circumstances (EMC) - A cohort default rate appeal option for postsecondary institutions meeting certain criteria, including having a low-income student body.
Executive/Administrative/Managerial Employee - Persons whose assignments require primary responsibility for management of the institution.
Exempt Employee - An employee whose conditions of employment and compensation are not subject to the provisions of the Fair Labor Standards Act as amended.
Expected Family Contribution - the amount a family can reasonably be expected to pay for a student's education, calculated by the Central Processing System based on the information contained on the Free Application for Federal Student Aid and a federal need-analysis formula.
Extended Repayment - Repayment schedule available to borrowers with a minimum balance of $30,000. May be a fixed annual or graduated repayment schedule. Maximum repayment term is 25 years.
Extension Center - A facility that offers organized programs leading to a formal award and is located in a community different from that of the main campus of the institution. Defined as off-campus.
FAA - Financial Aid Administrator
Faculty Rank - The institutionally-designated oficial title or grade of a faculty member. Ranks for reporting purposes are: Professor, Associate Professor, Assistant Professor, Instructor, Lecturer, Teaching Associate, Teaching Assistant, and Undesignated Rank.
FAFNAR - Financial Aid Form Need Analysis Report
FAFSA - Free Application for Federal Student Aid
Fall Term - The part of the academic year that begins between late August and November 1.
Family Education Rights and Privacy Act of 1974 - Federal law that protects students' and, as applicable, parents' rights to review and inspect educational records and governs disclosure of student records by educational institutions. Compliance with this law and regulations in 34 CFR 99 is a requirement of postsecondary institutions that participate in Title IV federal student assistance programs.
Family Financial Statement (FFS) - A need analysis application.
FAO - Financial Aid Office or Financial Aid Officer
FAT - Financial Aid Transcript
FDIC - Federal Deposit Insurance Company
FDLP - Federal Direct Loan program or Direct Loan Program
FDSL Program - Federal Direct Student Loan Program
Federal Direct Loan Program (FDLP) - Also known as the Direct Loan Program
Federal Direct Student Loan (FDSL) - The former name of the Direct Loan Program
Federal Family Education Loan (FFEL) - A federal program in which lenders and guaranty agencies offer four types of student loans: subsidized Federal Stafford Loans, unsubsidized Federal Stafford Loans, Federal Parent Loans for Undergraduate Students (PLUS), and Federal Consolidation Loans. The U.S. Department of Education (USDE) oversees and regulates this program, and guarantors administer the program on the USDE's behalf.
Federal Fiscal Year (FFY) - October 1 - September 30
Federal Interest Subsidy - Also known as interest benefits. The federal government's payment for all or part of the interest that accrues during the in-school, grace and deferment periods on behalf of the borrower.
Federal Methodology (FM) - The need analysis formula used to determine a student's Expected Family Contribution.
Federal PLUS Program - Federal Parent Loan for Undergraduate Students Program. A loan program that is not need-based and is available to parents of dependent undergraduate students.
Federal Student Aid - The U.S. Department Of Education division that administers the Title IV programs student financial assistance programs.
Federal Supplemental Educational Opportunity Grant (FSEOG) Program - A campus-based Title IV grant program
Federal Supplemental Loans for Students (SLS) - A Title IV loan program for graduate, professional, and independent undergraduate students. This program was discontinued effective July 1, 1994, and replaced by the unsubsidized Federal Stafford Loan.
Federal Work-Study Program (FWS) - A campus-based Title IV employment program that is available to students who have financial need.
Federally Insured Student Loan Program (FISL Program) - Replaced by the current guaranteed student loan programs.
FERPA - Family Educational Rights and Privacy Act of 1974
FFEL Program - Federal Family Education Loan Program
FFR - Funding For Results
FFS - Family Financial Statement
FFY - Federal Fiscal Year
Financial Aid Form Need Analysis Report (FAFNAR) - A postsecondary institution's output document from a college scholarship service need-analysis application.
Financial Literacy - Topics related to personal finance, including income, money management, spending and credit, and saving and investing.
Financial Management Support System - A component of the Education Central Automated Processing System
Financial Need - A student's total cost of attendance minus the sum of their expected family contribution and any student financial assistance they will receive. A student must demonstrate financial need to be eligible for need-based financial assistance/aid programs.
Financial Planning - A plan for managing all aspects of a person's money.
FIPSE - Fund for the Improvement of Postsecondary Education
First Professional Degree - An award that requires completion of a program that meets all of the following criteria:
1. Completion of the academic requirements to begin practice in the profession.
2. At least 2 years of college work before entrance to the program.
3. A total of at least 6 academic years of college work to complete the degree program, including prior required college work plus the length of the professional program itself.
First Time Graduate - A student attending any institutions for the first time.
First Time Student - A student attending any institution for the first time at the undergraduate level. An entering freshman who has never attended any college.
First Time Undergraduate - A student entering any college for the first time ever.
FISAP - Fiscal operations report and application to participate in the Federal Perkins Loan, Federal Supplemental Educational Opportunity Grant, and Federal Work-Study programs.
Fiscal Year (FY) - The 12-month period during which financial assistance/aid funds are awarded.
- Federal Fiscal Year (FFY): October 1 - September 30
- State Fiscal Year (SFY): July 1 - June 30 (for Missouri)
FISL Program - Federally Insured Student Loan Program
Fixed Interest Rates - Interest rates that do not change during the life of the loan.
FM - Federal Methodology
FMSS - Financial Management Support System
For Credit - Recognition of attendance and/or performance in an instructional activity (i.e., course or program) that can be applied by a recipient to requirements for a degree, diploma, or other formal award.
Forbearance - Postponement or reduction of loan payments generally granted at the discretion of a lender or loan holder. Federal regulations specify other cases when qualified borrowers must be granted forbearance of repayment on their federal student loans.
Formal Award - An award or title conferred upon an individual for the completion of a program or course of study.
FRB - Federal Reserve Board
Free Application for Federal Student Aid (FAFSA) - The standard form students must complete to apply for federal and state need-based assistance/aid programs and, in some circumstances, campus-based assistance/aid.
FSA - Federal Student Aid
FSEOG - Federal Supplemental Educational Opportunity Grant Program.
FT - Full Time
FTC - Federal Trade Commission
FTE - Full Time Equivalent
Full Time (FT) - An enrollment status indicating the student is carrying a full academic course load, as determined by the school.
Full Time Employee - Employee whose base pay is for the standard academic year of two semesters, three quarters, or two terms of the trimester program.
Full Time Equivalent (FTE) - A constructed count calculated by dividing the total number of credit hours generated at a given student level by the applicable normal student load.
FWS - Federal Work-Study
FY - Fiscal Year
GAO - General Accounting Office
GAPS - Grant Administration and Payment System
GEAR UP - Gaining Early Awareness and Readiness for Undergraduate Programs
GED - General Educational Development Certificate
GEN - General Dear Colleague Letter
General Accounting Office (GAO) - Conducts studies for the U.S. Congress on the potential effects of pending legislation.
General Educational Development (GED) Certificate - An equivalent of a high school diploma.
Geographic Origin - The legal residence of a student at the time of original admission to the institution.
GESC - General Education Steering Committee
Gift Aid - Financial assistance/aid such as scholarships and grants, that does not have to be repaid.
GIS - Geographic Information Systems
GLOS - Guarantor and Lender Oversight Service
GMAT - Graduate Management Admission Test
GPA - Grade Point Average, a measure of scholastic attainment computed by dividing the total number of grade points received by the total number of credits or hours of course work taken.
GR - General Revenue
Grace Period - A six-month period of time after a borrower graduates, leaves school, or stops attending school at least half time, during which the borrower does not have to make principal payments on a Federal Stafford Loan.
Graduate Student - A student who holds a bachelor's or first professional degree, or equivalent, and is taking courses at the post-baccalaureate level.
Graduated (G)- An enrollment status indicating the student completed the program of study and received a certificate, diploma, or degree.
Graduated Repayment - Repayment schedule that starts with small payments that increase gradually over time.
Grant - Financial assistance/aid that does not have to be repaid.
Grant Administration and Payment System (GAPS) - Formerly the Pell Grant Recipient and Financial Management System, a component of the Education Central Automated Processing System that facilitates the disbursement of grant funds to postsecondary institutions.
GRE - Graduate Record Examination
GSL Program - Guaranteed Student Loan Program
Guarantee Fee - Also known as the insurance premium, the fee charged to a borrower for a federal student loan. The originating lender deducts the fee from the loan and remits it to the guaranty agency. Note: Currently the Missouri DHE Student Loan Program does not charge a guarantee fee.
Guaranteed Student Loan Program (GSL Program) - Now the Federal Stafford Loan Program
Guarantor (or Guaranty Agency) - An organization that administers the Federal Family Education Loan (FFEL) Program on behalf of the U.S. Department of Education. If a borrower defaults on a FFEL Program loan, the guaranty agency buys the loan from the holder and collects it from the borrower. The Missouri DHE Student Loan Program is Missouri's designated guaranty agency.
Guarantor and Lender Oversight Service (GLOS) - A division of the Office of Postsecondary Education.
Guaranty Agency (or Guarantor) - An organization that administers the Federal Family Education Loan (FFEL) Program on behalf of the U.S. Department of Education. If a borrower defaults on a FFEL Program loan, the guaranty agency buys the loan from the holder and collects it from the borrower. The Missouri DHE Student Loan Program is Missouri's designated guaranty agency.
Half Time (HT) - A measurement of student enrollment status indicating the student is carrying less than a full-time academic course load. To be eligible for most financial aid programs, a student must be enrolled at least half time.
HBCU - Historically Black Colleges and Universities
HEA - Higher Education Act of 1965
HEAL - Health Education Assistance Loan
Health Education Assistance Loan (HEAL) - A federal loan program for health professions students that was administered by the Department of Health and Human Services. The HEAL program was phased out beginning July 1, 1996.
High School Student - A student who is dually enrolled in high school and college level courses is still considered a high school student.
Higher Education Academic Scholarship Program - Also known as the 'Bright Flight' Scholarship Program
Holder - A lender/servicer, secondary market, or guarantor that purchases a loan and collects it from the borrower.
HPSL Program - Health Professions Student Loan Program
HT - Half time
I&NA - Immigration and Nationality Act of 1952
IB - International Baccalaureate
ICUM - Independent Colleges and Universities of Missouri
IDEALoan - Increased Dollars for Education Assistance
IFAP - Information for Financial Aid Professionals
In-District Courses - Courses taught within the statutory community college district. Courses offered by public community colleges via TV, radio, are defined as in-district.
In-District Student - A student who has legal residence, at the time of original admission, within the district of the institution he or she attends (state community junior colleges only).
In-School Status - Also known as the interim status, the period during which a student who receives a Federal Stafford Loan or the benefit of a Federal PLUS Loan is attending a Title IV eligible institution at least half time.
In-State Student - A student who attends a postsecondary education institution in the state in which he or she has legal residence at the time of original admission.
Income-Sensitive Repayment - Repayment schedule that assigns fixed payments for one year at a time.
Increased Dollars for Education Assistance (IDEALoan) - A discontinued program previously offered by MOHELA in which participating lenders paid the guarantee fee on behalf of the borrower
Independent Student - A student who meets one of the following criteria:
- At least 24 years old by December 31 of the school year
- Graduate or professional student
- Has legal dependents other than a spouse
- Veteran of the U.S. Armed Forces
- Orphan or ward of the court
Individual Taxpayer Identification Number (ITIN) - An IRS identification number for individuals who are not U.S. citizens, nationals, or permanent residents.
Information for Financial Aid Professionals (IFAP) - An electronic library for financial aid professionals containing publications, regulations, and guidance about the administration of Title IV federal assistance programs, sponsored by the U.S. Department of Education.
INS - U.S. Immigration and Naturalization Service. Now known as the Bureau of Citizenship and Immigration Services.
Institution Code - The numerical designation for the institution describing the name of the institution. There are two general coding schemes used - MDHE and UNITID,
Institutional Aid - Financial assistance/aid programs funded and administered by postsecondary institutions.
Institutional Participation and Oversight Service (IPOS) - A division of the Office of Postsecondary Education.
Institutional Student Information Record (ISIR) - A record produced by the Central Processing System and sent to the institution indicating the student's calculated expected family contribution.
Instruction/Research - Individuals employed for the primary purposes of performing instruction and research activities.
Insurance Premium - Also known as the guarantee fee, a fee charged to a borrower for a federal student loan. The originating lender deducts the fee from the loan and remits it to the guaranty agency.
Integrated Postsecondary Education Data System (IPEDS) - An annual report filed by postsecondary educational institutions to the U.S. Department of Education.
Integration Support System - A component of the Education Central Automated Processing System.
Interest - The cost of borrowing money.
Interim Status - The status of a Federal Stafford or PLUS Loan during the period that is after the loan's first disbursement and before it is fully disbursed.
IPC - Interagency Planning Council
IPEDS - Integrated Postsecondary Education Data System
IPOS - Institutional Participation and Oversight Service
IPS - Institutional Payment Summary (for Federal Pell Grants)
IRA - Individual Retirement Account
IRCA - Immigration Reform and Control Act of 1986
IRS - Internal Revenue Service
ISIR - Institutional Student Information Record
ISS - Integration Support System
ITA - Individual Training Account
ITIN - Individual Taxpayer Identification Number
IVF - Institutional Verification Form
JD - Juris Doctorate Degree
Job Training Partnership Act (JTPA) - A student financial assistance/aid program administered by the Missouri Department of Economic Development, now called the Workforce Investment Act
Joint Program Enrollment - Students known to be enrolled in a single degree or certificate program offered jointly by more than one institution.
JTPA - Job Training Partnership Act
- K-16 - The school years from kindergarten through the fourth year of postsecondary education.
LAR - Lender Activity Report
Last Day of Attendamce (LDA) - The last date a student was physically present in class, as confirmed by the student's attendance records. An LDA may also be referred to as an "out of school" date, or OSD.
LEAP - Leveraging Educational Assistance Partnership
Leave of Absence (LOA) - An interruption in the student's enrollment that is requested by the student and approved by the school. An approved leave of absence for Title IV student financial assistance recipients is considered part of the student's continuous period of enrollment; the school is not required to report a withdrawal date for the student. The student's request must be in writing and must include the reason for the leave. Periods of LOA cannot exceed more than 180 days in any 12-month period.
Legal Residence - A student's present legal residence as determined in accordance with the Residency Policy of the Coordinating Board for Higher Education and used as the basis for institutional fee assessment policies.
Lender - A bank, savings and loan, or credit union that provides the actual student loan funds.
Lender Activity Report (LAR) - A monthly report sent by the Missouri DHE Student Loan Program to Missouri lenders supplying information about student loan accounts.
Lender of Last Resort (LLR) - The Missouri DHE Student Loan program offers a LLR program for Missouri Students who are unable to obtain a Federal Stafford Loan lender.
Less Than Half Time - A measurement of a student's enrollment indicating the student is carrying less than a half-time academic course load. Federal Stafford Loan borrowers enter the grace period on the day after the student drops to a less than half time enrollment. Students who are enrolled on a less than half time basis are ineligible for Federal Stafford or PLUS Loan funds.
Leveraging Educational Assistance Partnership (LEAP) - A federal program that provides funds to states that must, at a minimum, match funds dollar-for-dollar, to provide need-based grants to eligible students. In Missouri, LEAP funds are allocated and delivered through the Access Missouri Student Financial Assistance Program.
LID - Lender Identification Number
LLR - Lender of Last Resort
LOA - Leave of Absence
Loan - Money borrowed that must be repaid, with interest.
Loan Forgiveness - Cancellation of student loan debt.
Loan Period - The student's enrollment period for which the postsecondary institution approves a student loan to pay educational expenses.
Loan Servicing Center - The designation given to branch offices of Sallie Mae
LOC - Letter of Credit
LS&T - Limitation, suspension, and termination
LSC - Loan Servicing Center
LTH - Less than half time
MAFS - Missouri Association of Faculty Senates
Main Campus - Usually the location of the core, primary, or most comprehensive program in institutions consisting of a main campus and one or more residence centers.
MAPCS - Missouri Association Of Private Career Schools
MASFAA - Midwest Association of Student Financial Aid Administrators
MASFAP - Missouri Association of Student Financial Aid Personnel
Master Promissory Note (MPN) - A promissory note that enables the student borrower of a federal loan to receive multiple loans over the course of multiple enrollment periods from a single note. A parent federal loan borrower may receive multiple loans for the same dependent student from a single note.
Master's Degree - An award that requires the successful completion of a program of study at least the full time equivalent of one but no more than two years of work beyond the bachelor's degree. any earned academic degree carrying the title of master.
Master's Level Student - A student who has received an earned baccalaureate degree, has been accepted for graduate level study and who is enrolled in a master's degree program or who is enrolled in a doctoral program but has earned less than 30 semester credit hours in graduate course work.
MCCA - Missouri Community College Association
MDE - Multiple Data Entry
MDHE - Missouri Department of Higher Education
MERIC - Missouri Economic Research and Information Center
MHE - Missourians for Higher Education
MHEC - Midwestern Higher Education Commission
MIBA - Missouri Independent Bankers Association
Midwest Association of Student Financial Aid Administrators (MASFAA) - Includes Missouri, Iowa, Illinois, Indiana, Michigan, Minnesota, Ohio, West Virginia, and Wisconsin.
MIS - Management Information Systems
Missouri Bibliographic Information User Systems (MOBIUS) - A consortium of academic libraries.
Missouri Department of Higher Education (DHE) Student Loan Program - Missouri's designated guaranty agency for administering the Federal Family Education Loan Program.
Missouri Direct for Educational Loans (MODEL) - The Missouri Department of Higher Education's student loan processing system.
Missouri Higher Education Loan Authority (MOHELA) - Missouri's designated student loan secondary market, which offers interim loan servicing and origination servicing to Missouri lenders.
Missouri Learners' Network (MLN) - A single online source of information on technology-based courses and programs offered by postsecondary institutions in Missouri.
Missouri Research and Education Network (MOREnet) - Provides networking capabilities and Internet access for colleges and universities, K12 schools, state government agencies, libraries, and community networks.
MLN - Missouri Learners' Network
MNEA - Missouri National Educators Association
MO$T - Missouri Saving for Tuition Program
MOBIUS - Missouri Bibliographic Information User System
MODEL - Missouri Direct for Educational Loans
MODEL Direct - Web-based loan application and loan maintenance software that institution and lender clients can utilize to transmit loans for guarantee and process loan maintenance transactions.
MoDLA - Missouri Distance Learning Association
MOHELA - Missouri Higher Education Loan Authority
MOICC - Missouri Occupational Information Coordinating Committee
MOREnet - Missouri Research and Education Network
MPALA - Missouri Public Academic Library Administrators
MPN - Master Promissory Note
MSA - Metropolitan Statistical Area
MSEP - Midwest Student Exchange Program
MTAC - Mathematics Technical Advisory Committee
MTEC - Missouri Training and Employment Council
Multiple Data Entry (MDE) - Offers need analysis applications to students.
NAACS - National Association of Accredited Cosmetology Schools
NACAC - National Association of College Admission Counselors
NACCAS - National Accrediting Commission on Cosmetology Arts and Sciences
NACUBO - National Association of College and University Business Officers
NAEP - National Assessment of Education Progress
NAICU - National Associatoin of Independent Colleges and Universities
NAS - Need Analysis Servicer or Need Analysis System
NASC - Need Analysis System Certification
NASFAA - National Association of Student Financial Aid Administrators
NASSGAP - National Association of State Student Grant and Aid Programs
NASULGC - National Association of State Universities and Land Grant Colleges
National Council of Higher Education Loan Programs (NCHELP) - The trade organization that represents guaranty agencies, lender/servicers, and secondary markets that participate in the Federal Family Education Loan Program.
National Direct Student Loan Program (NDSL) - Now the Perkins Loan Program
National Student Clearinghouse (NSLC) - Formerly the National Student Loan Clearinghouse
National Student Loan Data System (NSLDS) - A database comprised of information from guarantors, schools, lenders, and the U.S. Department of Education that contains data on Title IV student financial assistance .
NATTS - National Association of Trade and Technical Schools
NCA - North Central Association of Colleges and Schools
NCAA - National Collegiate Athletic Association
NCEOA - National Council of Educational Opportunity Associations
NCES - National Center for Education Statistics
NCHELP - National Council of Higher Education Loan Programs
NCME - National Council of Measurement in Education
NDSL - National Direct Student Loan Program
Need Analysis - A set of financial criteria and standards, established by the U.S. Department of Education and approved by Congress, that is used to determine a student's financial need for need-based programs.
Need-Based Financial Aid - Funds awarded to a student on the basis of his or her demonstrated financial need for the purpose of meeting postsecondary education expenses.
NGA - National Governor's Association
NHSC - National Home Study Council
Nine/Ten Month Salary Contract - The contracted teaching period of faculty employed for two semesters, three quarters, two trimesters, two 4-month sessions, or the equivalent.
NOG - Notice of Loan Guarantee and Disclosure Statement
Non-Credit Course - A course or activity having no credit applicable toward a formal award, certificate, or degree, except remedial courses.
Non-Degree Seeking Student - An individual who has been admitted to a general or specific program, course of study, or activity in the institution at the completion of which a degree, diploma, certificate or other formal award is neither awarded by the institution nor sought by the student.
Non-Exempt Employee - An employee whose conditions of employment and compensation are subject to the provisions of the Fair Labor Standards Act of 1938, as amended.
Non-Need-Based Financial Aid - Funds awarded in recognition of a student's special abilities, talents, interests, or participation in certain programs without regard to financial need.
Normal Student Load - The number of credit hours (or other units required for graduation) divided by the number of semesters, quarters, etc., normally taken in a degree program.
Notice of Loan Guarantee and Disclosure Statement (NOG) - Sent to lenders from the Missouri DHE Student Loan Program upon guarantee of a loan. The lender sends a copy to the borrower. Postsecondary institutions also may receive NOGs upon request.
Notice of Proposed Rulemaking (NPRM) - Announcement in the Federal Register of proposed regulations that includes a preamble explaining the rationale for the new rules, an impact analysis, and a specified period during which public comment is invited.
NPRM - Notice of Proposed Rulemaking
NSL - Federal Nursing Student Loan
NSLC - National Student Clearinghouse
NSLDS - National Student Loan Data System
OBEMLA - Office of Bilingual Education an Minority Languages Affairs
OCF & CIO - Office of the Chief Financial and Chief Information Officer
OCR - Office for Civil Rights
ODS - Office of the Deputy Secretary
OERI - Office of Educational Research and Improvement
OESE - Office of Elementary and Secondary Education
Off-Campus Courses - Refers to courses offered anywhere other than in the facilities or on the grounds of a campus or residence center.
Off-Schedule Courses - Refers to courses and irregular academic terms, which are offered on a calendar which does not generally correspond with the calendar of the regular academic term.
Office for Civil Rights (OCR) - An office of the U.S. Department of Education that includes the Resource Management Group and the Program Legal Group
Office of Bilingual Education and Minority Languages Affairs (OBEMLA) - An office of the U.S. Department of Education.
Office of Educational Research and Improvement (OERI) - An office of the U.S. Department of Education that includes the:
- National Institute on Student Achievement, Curriculum, and Assessment
- National Institute on the Education of At-Risk Students
- National Institute on Early Childhood Development and Education
- National Institute on Educational Governance, Finance, Policymaking, and Management
- National Institute on Postsecondary Education, Libraries, and Lifelong Learning
- Office of Reform Assistance and Dissemination
- National Library of Education
- Media and Information Services
- National Center for Education Statistics
Office of Elementary and Secondary Education (OESE) - An office of the U.S. Department of Education that includes the:
- Impact Aid Programs
- School Improvement Programs
- Compensatory Education Programs
- Goals 2000 Program
- Office of Migrant Education
- Safe and Drug-Free Schools Program
- Office of Indian Education
Office of Intergovernmental and Interagency Affairs (OIAA) - An office of the U.S. Department of Education that includes Intergovernmental and Constituent Relations and Regional and Community Services.
Office of Legislation and Congressional Affairs (OLCA) - An office of the U.S. Department of Education.
Office of Management (OM) - An office of the U.S. Department of Education that includes the
- Equal Employment Opportunity Group
- Family Policy Compliance Group
- Human Resources Group
- Management Systems Improvement Group
- Office of Hearings and Appeals
- Labor Relations Group
- Real Property Group
- Quality Workplace Group
- Health and Environmental Safety Group
- Training and Development Group
Office of Postsecondary Education (OPE) - An office of the U.S. Department of Education that includes:
- Policy, Planning, and Innovation
- Higher Education Programs
- Student Financial Assistance Programs
- Policy, Training and Analysis Service
- Accounting and Financial Management Service
- Guarantor and Lender Oversight Service
- Program Systems Service
- Institutional Participation and Oversight Service
- Debt Collection Service
Office of Special Education and Rehabilitative Services (OSERS) - An office of the U.S. Department of Education
Office of the Chief Financial and Chief Information Officer (OCF & CIO) - An office of the U.S. Department of Education
Office of the Deputy Secretary (ODS) - An office of the U.S. Department of Education
Office of the General Counsel (OGC) - An office of the U.S. Department of Education that includes the Program Service, the Postsecondary and Departmental Service, and the Regulations and Legislation Service.
Office of the Inspector General (OIG) - An office of the U.S. Department of Education that includes Audit Services; Investigation Services; and Planning, Analysis and Management Services.
Office of the Secretary (OS) - An office of the U.S. Department of Education that includes the Office of Public Affairs.
Office of the Undersecretary (OUS) - An office of the U.S. Department of Education that includes the Planning and Evaluation Service and the Budget Service.
Office of Vocational and Adult Education (OVAE) - An office of the U.S. Department of Education.
OGC - Office of the General Counsel
OIAA - Office of Intergovernmental and Interagency Affairs
OIG - Office of the Inspector General
OLCA - Office of Legislation and Congressional Affairs
OM - Office of Management
OMB - Office of Management and Budget
On-Campus Courses - Refers to courses taking place in the facilities or on the grounds of a campus or residence center.
OPE - Office of Postsecondary Education
Open Admission - Also known as open enrollment. Admission policy whereby the school will accept any student who applies.
OS - Office of the Secretary
OSD - Out-of-school date
OSEDA - Office of Social and Economic Data Analysis (UMC)
OSERS - Office of Special Education and Rehabilitative Services
OUS - Office of the Undersecretary
Out-of-District-Course - Course offered by a two-year institution located outside the institution's legal district and approved by the Missouri Department of Higher Education.
Out-of-School Date (OSD) - The date the student ceases to be enrolled at least half time. An OSD may also be referred to as the last date of attendance (LDA).
Out-Of-State Student - A student who attends a postsecondary institution outside of the state in which he or she had legal residence at the time of original admission. International students not included in this category.
OVAE - Office of Vocational and Adult Education
PAC - Presidential Advisory Committee
Parent Loans for Undergraduate Students (PLUS) - A loan program that is not need-based and is designed for parents with dependent students.
PART B - The second of Title IV of the Higher Education Act of 1965, as amended, that authorizes the Federal Family Education Loan Program.
PART D - The section of Title IV of the Higher Education Act of 1965, as amended, that authorizes the Federal Direct Loan Program.
Part Time (PT) - A measurement of student enrollment status.
Part Time Employee - An employee whose appointment is less than 1.00 full time equivalent. Faculty whose base pay is less than the standard academic year of two semesters, three-quarters, or two terms of a trimester program. Students in the college work-study program or casual employees are not considered part time staff.
Participation Rate Index (PRI) - A cohort default rate appeal option for postsecondary institution with a low percentage of students participating in the loan programs.
PBO - Performance-Based Organization
PCA - Pre-Claims Assistance
PEDE - Pell Electronic Data Exchange
Pell Grant Recipient and Financial Management System (PGRFMS) - Now the Grant Administration and Payment System.
PEN - Postsecondary Education Network
PEPS - Postsecondary Education Participants System
Performance Improvement and Procedures Division (PIPD) - A division of the Institutional Participation and Oversight Service that includes the Performance and Accountability Improvement Branch and the Procedures Branch.
Performance-Based Organization (PBO) - The U.S. Department of Education's unit responsible for managing the operational functions supporting the programs authorized under Title IV of the Higher Education Act of 1965, as amended.
PGRFMS - Pell Grant Recipient and Financial Management System
PhD - Doctor of Philosophy degree
PIC - Public Inquiry Contract
PIN - Personal Identification Number
PIPD - Performance Improvement and Procedures Division
PJ - Professional Judgment
PL - Public Law
PLUS - Federal Parent Loan for Undergraduate Students
Post-Withdrawal Disbursement - Funds that were not delivered as of the date of a student's withdrawal that the student has earned. Postsecondary institutions must offer to the student (or parent borrower in the case of a PLUS Loan) any amount of a post-withdrawal disbursement that is not credited to the student's account to pay outstanding institutional charges.
Postsecondary Education Participants System (PEPS) - A database of postsecondary institutions that participate in any program administered by the U.S. Department of Education.
PPA - Program Participation Agreement with the U.S. Department of Education
PRCN - Program Review Control Number
Pre-Claims Assistance (PCA) - Formerly a Request for Collection Assistance, activities that guaranty agencies were required to perform to encourage repayment by borrowers with delinquent student loans. PCA was replaced by Default Aversion Assistance on February 15, 1999.
PRI - Participation Rate Index
Principal - The actual loan amount borrowed
Professional Non-Faculty Employee - Persons employed for the primary purpose of performing academic support, student service, and institutional support activities, whose assignments would require either college graduation or experience of such kind and amount as to provide a comparable background.
Program - A combination of courses and related activities organized for the attainment of broad education objectives and leading to any formal award conferred by the institution as approved by the institution's governing board.
Project EASI - Project Easy Access for Students and Institutions. The U.S. Department of Education's project to create an integrated student assistance/aid delivery system for students and postsecondary institutions through electronic processes.
Promissory Note - The legal and binding contract a borrower signs promising to repay a loan.
PT - Part Time
Public Institution - An educational institution operated by publicly elected or appointed school officials in which the program and activities are under the control of these officials and which is supported primarily by public funds.
PWD - Post-withdrawal disbursement
Quarter Calendar System - An academic year consisting of 3 sessions called quarters or about 12 weeks each. The range may be from 10 to 15 weeks. There may be an additional quarter in the summer.
RCA - Request for Collection Assistance
RDE - Recipient Data Exchange
Recipient System (RS) - A component of the Education Central Automated Processing System
Request for Collection Assistance (RCA) - Former name for pre-claims assistance. Replaced by Default Aversion Assistance on February 15, 1999.
Residence Center - A facility of a postsecondary institution which is organized on a relatively permanent basis; that is, has a continuing administration presence, where courses are offered every semester and is located in a community different from that of the main campus of the institution.
RFP - Request for Proposal
Robert C. Byrd Honors Scholarship Program - A federal financial assistance program for students who demonstrate outstanding academic achievement and show promise of continued academic excellence. In Missouri, the Department of Elementary and Secondary Education administers this program.
ROTC - Reserve Officers Training Corps
RPC - Regional Planning Commission
RPDC - Regional Professional Development Center
RS - Recipient System
RSMo - Revised Statues of Missouri
RTEC - Regional Technical Education Council
SAIG - Student Aid Internet Gateway
Sallie Mae - A national student loan secondary market and direct loan servicer.
SAP - Satisfactory Academic Progress
SAR - Student Aid Report
SAT - Scholastic Aptitude Test
Satisfactory Academic Progress - To remain eligible for most types of financial assistance/aid, students must maintain satisfactory academic progress standards, as defined by the postsecondary institution, that meet or exceed any minimum standards specified in federal or state law.
SAY - Scheduled Academic Year
SBA - State Board of Education
Scheduled Academic Year (SAY) - A period of time that begins and ends at the same point during the calendar year during which a Federal Stafford Loan borrower may receive no more than the annual loan limit applicable to the student's grade level.
Scholarship - Financial assistance/aid that is usually based on merit or ability, and that does not have to be repaid.
School NOG - School Notice of Loan Guarantee
SCP - Scheduled cash payment
SDA - Service Daily Area
Secondary Market - An organization that purchases student loans and collects on the loans.
Secretarial/Clerical Employee - Persons whose assignments typically are associated with clerical activities or are specifically of a secretarial nature.
Self-Help Assistance - Financial assistance/aid that the student earns, such as work-study funds, or must repay, such as loans.
Separation Date - The date a borrower graduates or stops attending school at least half time, which triggers the start of the grace period; synonymous with out-of-state date.
Service/Maintenance Employee - Persons whose assignments require a limited degree of previously acquired skills and knowledge and in which workers perform duties that result in or contribute to the comfort, convenience, and hygiene of personnel and students or that contribute to the upkeep and care of buildings, facilities, or grounds of the institutional property.
Servicer - Private companies that many postsecondary institutions, lenders, guaranty agencies, and secondary markets contract with to handle student loan processing. The U.S. Department of Education also contracts with servicers for managing Federal Direct Loans.
SFA - Student financial aid or student financial assistance
SFY - State Fiscal Year
SHEEO - State Higher Education Executive Officers
SIC - Standard Industrial Classification
SII - Single Identifier Initiative
Simple Interest - Interest that is calculated on the principal portion of your loan.
Simplified Needs Test (SNT) - Excludes certain items in the need analysis calculation when the family's income is low.
Single Identifier Initiative (SII) - An initiative administered by the U.S. Department of Education with the goal of establishing a single identification number for all participants in any postsecondary education program. This project is being conducted by the Student Financial Assistance Programs, a division of the Office of Postsecondary Education.
Skilled Crafts Employee - Persons whose assignments typically require special manual skills and a thorough and comprehensive knowledge of the processes involved in the work, acquired through on-th-job training programs.
SLEAP - Supplemental Leveraging Educational Assistance Partnership
SLMA - Student Loan Marketing Association
SLS - Supplemental Loans for Students
SMA - Standard maintenance allowance
SNT - Simplified Needs Test
SOC - Standard Occupational Classification
SPA - Supplemental pre-Claims Classification
Special Allowance - A subsidy paid by the U.S. Department of Education to the holder of a federal student loan to compensate the holder for the difference between the current market interest rate and the statutory interest rate on the federal student loan.
Specialist - A student who has received an earned baccalaureate degree, has earned 30 credit hours as a graduate student, and is enrolled in a specialist degree program.
SSA - Social Security Administration
SSCH - Single Source Clearinghouse
SSCR - Student Status Confirmation Report
SSI - Supplemental Security Income
SSIG - State Student Incentive Grant
SSN - Social Security Number
Standard Maintenance Allowance (SMA) - Subtracted from the adjusted gross income in the need analysis calculation.
State Aid - Financial assistance/aid programs funded and administered by the state.
State Fiscal Year (SFY) - July 1 - June 30 for Missouri
State of Residence - A person's permanent address at the time of admission to their current student level as determined by such evidence as a driver's license or voter registration.
State Student Incentive Grant (SSIG) - Now the Leveraging Education Assistance Partnership
State Tax Offset - The withholding of a borrower's state income tax refund to repay a defaulted loan.
Student Aid Internet Gateway (SAIG) - Enables transmission of Title IV data using the school's existing internet service provider. Replaces the Title IV Wide Area Network, effective December 19, 2001.
Student Aid Report (SAR) - produced by the Central Processing System and sent to the student showing the student's calculated expected family contribution.
Student Headcount - A simple unduplicated tally of all students for the specified reporting period.
Student Level - Refers to the proportion of total requirements a student has obtained toward the completion of the degree, diploma, certificate, or other formal award program in which the student is enrolled.
Student Load - The number of programs, course of study, and/or activity units (e.g., courses, credits, imputed credits, contact hours, semester credits, semester credit equivalents, etc.) for which a student is enrolled at a particular point in time.
Student Loan Marketing Associate (SLMA) - Also called SallieMae, a national student loan secondary market that offers interim loan servicing and origination servicing to lenders.
Student Status - Refers to whether or not a student expects to be awarded a degree, diploma, certificate, or other formal award as an outcome of their general or specific program, course of study, or activity.
Student Status Confirmation Report (SSCR) - Formerly the Enrollment Verification Report.
Subsidized Federal Stafford Loan - Need-based loan program for which the federal government pays the interest to the lender on the student's behalf while the student is enrolled at least half time, during the grace period, and during periods of authorized deferment.
Supplemental Loans for Students (SLS) - Now the unsubsidized Federal Stafford Loan, a Title IV loan program for graduate, professional, and independent undergraduate students.
Supplemental Pre-Claims Assistance (SPA) - Activities that guaranty agencies were required to perform to encourage repayment by borrowers with student loans more than 120 days delinquent. SPA was replaced by Default Aversion Assistance on February 15, 1999.
T-Bill - Treasury Bill
TABE - Test of Adult Basic Education
TANF - Temporary Assistance for Needy Families
Teacher Certification Enrollment - Defined as a non-degree seeking undergraduate
TIN - Taxpayer Identification Number
TIV WAN - Title IV Wide Area Network
TOEFL - Test of English as a Foreign Language
Treasury Bill (T-BILL) - Used to calculate interest rates, interest benefits, and special allowance for guaranteed student loans.
Treasury Offset - The withholding of a borrower's federal Treasury payments, such as federal tax refunds, veteran's benefits, and social security benefits, to repay a defaulted loan.
TRIO - Special programs for students from disadvantaged backgrounds, including Educational Opportunity Centers, Talent Search, Upward Bound, and Student Support Services.
Tuition and Fees - Charges assessed against students for educational purposes.
UI - Unemployment Insurance
UNCF - United Negro College Fund
Unclassified Post-Baccalaureate Student - A student who has been awarded an earned baccalaureate degree and who is enrolled in credit courses at the graduate or other post-baccalaureate level but who cannot be classified because he or she has not been accepted by the institution for graduate level study.
Unclassified Pre-Baccalaureate Student - A student who cannot be classified because he or she has not been regularly admitted to the institution to pursue a program of study leading to a degree, diploma or certificate, even though he or she is taking courses with regular students.
Unclassified Student - A student taking courses creditable toward a degree or other formal award who cannot be classified by academic level.
Undergraduate Student - A student enrolled in a four-year or five-year bachelor's degree program, in an associate's degree program, or in a vocational or technical program below the baccalaureate level.
Unduplicated Count - A headcount of enrolled students in which each student is counted only once during the fiscal year.
Unsubsidized Federal Stafford Loan - A non-need based loan for which the federal government does not pay any of the accrued interest on behalf of hte student. Interest begins to accrue on the loan as soon as it is disbursed, and the student may choose to pay the interest as it accrues or defer it as long as he or she remains enrolled at least half time in an eligible school.
USDE - U.S. Department of Education
USSA - United States Student Association
VA - Veterans Administration
Variable Interest Rates - Interest rates that are tied to a certain index and change periodically as the index changes.
VEDS - Vocational Education Data System
Veterans Administration (VA) - Now the Department of Veterans Affairs
VIDEO Program - Video Instructional Development and Educational Opportunity Program
VR - Vocational Rehabilitation
VWS - Verification Worksheet
Withdrawn (W) - An enrollment status indicating the student left school without completing the program of study.