PF OBJ 3.03 - 3.05 Vocab

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Remediation

Back

Sequences of advanced courses to bring under-prepared students to the expected academic skill level for higher education.

Front

Backwards planning

Back

A strategy that starts with the end goal and plans backwards to determine necessary steps.

Front

Career pathway

Back

A series of connected education and training programs that allow you to secure a job and advance in an industry.

Front

Debt-to-income ratio

Back

A tool to assess if a borrower can meet loan repayments.

Front

Job Outlook

Back

Demand for a job when qualified and ready.

Front

Consolidate

Back

(financial) To combine multiple financial accounts or funds into a single account.

Front

Cost of Attendance (COA)

Back

Total cost to attend school (tuition, fees, personal expenses).

Front

Deferment period

Back

Postponement of loan payment under certain conditions; interest does not accrue.

Front

Expected Family Contribution (EFC)

Back

Estimate of parents' and/or student's ability to contribute to postsecondary expenses; lower EFC may lead to higher financial aid.

Front

FAFSA

Back

Common name for the Free Application for Federal Student Aid form to determine eligibility for financial aid.