Have you ever been in the Financial Aid Office and are so confused because you don’t know what the financial counselors are talking about? Well, you have come to the right place! Check out this list of frequently used acronyms in the Financial Aid Office and it might help you better understand any questions or problems you may have!
AGI – Adjusted Gross Income
COA – Cost of Attendance
EIC – Earned Income Credit
EDE – Electronic Data Exchange
EFC – Expected Family Contribution
FAFSA – Free Application for Federal Student Aid
FAP – Federal Academic Progress
FAT – Financial Aid Transcript
FDLP – Federal Direct Loan Program
FWS – Federal Work Study
IRS – Internal Revenue Service
NSLDS – National Student Loan Data System
NTI – Net Taxable Income
PC – Parent Contribution
SAP – Satisfactory Academic Progress
SAR – Student Aid Report