| Student life in college is full of captivating events, | | | | Department of Education – the department that |
| tasks, and obligations. Very often students do not | | | | responds for the proper organization of financial aid in |
| even have enough time or efforts to enjoy this life. | | | | different institutions; MB financial aid - merit-based |
| This is why it is necessary to create different guides | | | | financial aid – awarded individually for outstanding |
| and provide students with necessary informative | | | | academic skills and achievements demonstrated by |
| hints and ideas on how to facilitate their assignments. | | | | students; ND financial aid – need-based financial |
| Many students want to apply for financial aid in order | | | | aid – based on the financial need that is properly |
| to reduce their educational costs and have enough | | | | explained by a student; SSN – social security |
| money to pay for education, necessary books, and | | | | number – a nine-issued number that aims at |
| other services. However, the process for applying | | | | tracking people for taxation purposes. Of course, it is |
| this aid has a number of complicated terms and | | | | difficult to keep all these abbreviations and their |
| abbreviations, and students cannot memorize all of | | | | meaning in mind. However, you need to know all of |
| them at once. To make your work easier, in this | | | | them to face fewer challenges in future when you |
| article, the most significant terms and abbreviations | | | | start filling your financial aid application in. Now it is |
| are explained for you in a clear and comprehensible | | | | time to define the reasons of why you need to |
| way. FAFSA – Free Application for Federal | | | | apply for financial aid, clear up what kind of aid is |
| Student Aid – is a form any applicant has to fill in; | | | | more appropriate for you in accordance with your |
| EFC – Expected Family Contribution – financial | | | | skills, and get necessary consultation as for the |
| support provided by student's family that depends on | | | | details to consider. Good luck! |
| the existed financial situation; USED - United States | | | | |