| A - C |
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| Academic Year |
The academic year at the University of
Hawaii at Manoa includes Fall, Spring, and
Summer. (example: Fall 2008, Spring 2009,
Summer 2009) |
| Accrued Interest |
The amount of interest you are charged on the unpaid balance of your loan(s). |
| Assets |
Elements of your and your family's financial worth; includes real estate other than your primary residence, stocks, bonds, cash savings, but not a family farm, retirement, or pre-paid tuition assets. |
| Award Letter |
A letter notifying financial aid applicants of the types and amounts of aid offered, responsibilities, and the terms and conditions of each award. |
| Capitalization of Interest |
Adding the amount of unpaid interest to the amount originally borrowed |
| Cost of Attendance (COA) |
The total amount required for you to attend school. It includes student tuition, fees, books and supplies, housing, meals, transportation and personal
expenses.
|
| D - E |
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| Default |
Failure to repay a loan according to the terms you agreed upon when signing your promissory note. Action by the lending institution to collect payment may result, including notifying national credit bureaus of the default. This may affect your credit rating for a long period of time. |
| Deferment |
Period during which loan repayment is postponed. |
| Dependent Student |
A student who answered no to all
of the following:
- Born before January 1, 1984 (for the
2007-08 application year).
- Enrolled or will be enrolled in a
master's or doctoral program at the
beginning of the 2007-08 year.
- As of the day you submitted your
original 2007-08 FAFSA, were you
married?
- Do you have children who receive
more than 50% support from you?
- Do you have any dependents other
than children who receive more than
50% support from you?
- Both of your parents are deceased or
you are (or were until the age of 18)
a ward of the court.
- You are currently serving on active
duty in the U.S. Armed Forces for
purposes other than training.
- You are a veteran of the U.S. Armed
Forces.
|
| Direct Stafford Loan |
See also William D Ford Federal Direct
Loan Program |
| Eligible Non-citizen |
Citizens and eligible non-citizens may receive loans from FFEL Program at participating foreign schools. Citizens of the Federated States of Micronesia , the Republic of Palau are eligible for Federal Pell Grants, or Federal Work Study. |
| Expected Family Contribution (EFC) |
The portion of your and your family's financial resources that should be available to help pay educational costs, based on a federal formula. |
| F - H |
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| Federal Family Education Loan (FFEL)
Program |
Private lenders provide funds that are
guaranteed by the federal
government. FFEL Loans include
subsidized and unsubsidized FFEL loans,
FFEL PLUS loans, and FFEL consolidation
loans. |
| Financial Aid Package |
The amount of financial aid, including scholarships and other outside aid that a student receives. |
| Financial Need |
The difference between your expected family contribution and the school's student budget; also known as your financial aid eligibility. |
| Financial Obligation |
Money owed to the University of Hawaii
due to unpaid balances from tuition, fees,
student housing, or repayment of federal
aid due to an overaward situation or a
complete withdrawal. Hold are placed
on a student's University of Hawaii
record. These holds will affect
transcript requests, registration,
graduation, etc. |
| Full Time Enrollment |
For undergraduates you must be registered for at least 12 credits, for graduates, 8 credits in most cases. |
| Grant |
Financial aid that does not need to be repaid. |
| Graduate Student |
Is enrolled in a program that is above
the baccalaureate level, has completed the
equivalent of at least 3 academic years of
full-time study at an institution of
higher education (either before entrance
to the program or as part of the program
itself), and is not receiving Title IV aid
as an undergraduate student for the period
of enrollment. |
| Half Time Enrollment |
For undergraduates you must be registered for at least 6 credits, for graduates, 4 credits. |
| I - P |
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| Independent Student |
A student who answered yes to at least
one of the following:
- Born before January 1, 1984 (for the
2007-08 application year).
- Enrolled or will be enrolled in a
master's or doctoral program at the
beginning of the 2007-08 year.
- As of the day you submitted your
original 2007-08 FAFSA, were you
married?
- Do you have children who receive
more than 50% support from you?
- Do you have any dependents other
than children who receive more than
50% support from you?
- Both of your parents are deceased or
you are (or were until the age of 18)
a ward of the court.
- You are currently serving on active
duty in the U.S. Armed Forces for
purposes other than training.
- You are a veteran of the U.S. Armed
Forces.
|
| Need-Based |
Financial aid that depends on your or your family's financial situation; most government sources of financial aid are need-based. |
| Priority Deadline |
March 1st. Your FAFSA application
must be processed by the
U.S. Department of Education by this date. |
| Professional Student |
Is enrolled in a program that is above
the baccalaureate level or leads to a
first professional degree, has completed
the equivalent of at least 3 academic
years of full-time study at an institution
of higher education (either before
entrance to the program or as part of the
program itself), and is not receiving
Title IV aid as an undergraduate student
for the period of enrollment. |
| Promissory Note |
A legally binding contract between a borrower and lender listing all terms and conditions of a student loan. |
| Q - Z |
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| Satisfactory Academic Progress |
To be making satisfactory academic progress at UHM, a student must maintain a cumulative grade point average of at least 2.0 for undergraduates and 3.0 for graduates and complete your degree objective within the maximum semesters of eligibility. |
| Scholarship |
Gift award based on grades or other achievement; usually not based on financial need. |
| School Code |
This is the Federal School code you need to put on FAFSA . Our school code is: 001610 . |
| Student Aid Report (SAR) |
The report summarizing the information you provided on your FAFSA. |
| Untaxed Income |
All income received that's not reported to the IRS, or is reported, but not taxed. May include Social Security benefits, Earned Income Credit welfare payments, untaxed capital gains, interest on tax-free bonds, military allowances, and others. |
| Verification |
The procedure where a school checks the information you reported on the FAFSA, usually by requesting a copy of your signed tax returns, and in some cases, those of your parents. |
| William D Ford Federal Direct Loan
Program |
Also known as Direct Loans.
Eligible students and parents borrow
directly from the U.S. Department of
Education at participating schools.
The University of Hawaii at Manoa is not a
Direct Loan School. |
