Financial Aid Package Financial Glossary

What is it? A financial aid award to a student comprised of a combination of forms of financial aid (loans, grants and/or scholarships, employment).

Finance Term Definition Added By: Mason

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Financial Term Award Letter is A means of notifying successful financial aid applicants of the assistance being offered. The award letter usually provides information on the types and amounts of aid offered, as well as specific program information, student responsibilities, and the conditions which govern the award. Generally provides students with the opportunity to accept or decline the aid offered. (See Financial Aid Notification)

Financial Term FF is Full Cost with fixed overhead of 80%- Only in FP5