9 terms

Chapter 11: The College Investment (You)

STUDY
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Terms in this set (...)

tuition
Colleges and universities charge a fee for
instruction
room and board
which refers to lodging in the residence
hall and meals at the dining commons.
Financial aid
refers to money loaned or given to a student to help them pay tuition, room and board, books, fees and supplies.
A student loan
a federal government subsidized (supported) loan of funds to students for the purpose of paying for
the costs of attending college.
A scholarship
a type of financial aid awarded to a student for the purpose of paying for college.
A grant
an award of money to a student for the purpose of paying for college.
A Pell Grant
an award of money from
the federal government to low income
students to help pay for college.
A need-based scholarship
awarded based on a student's financial need.
A merit-based scholarship
awarded based on a student's achievement,
leadership or athletic skills.