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Financial Aid "Lingo"

A glossary of commonly used terms and acronyms:

ACADEMIC YEAR – At Clatsop, the academic year begins Summer term and ends the following Spring term. Clatsop operates on the quarter system with Summer, Fall, Winter and Spring terms.

ADMISSIONS – This process includes completing an Admissions Application that declares your intent toward a Clatsop certificate or degree program.  Also,  completing the COMPASS test or receiving a waiver based on past transcripts through our Student Services Center and paying applicable fees.

AWARD LETTER – This is sent to a student by the Financial Aid Office to indicate the types and amounts of aid offered after all required documentation has been submitted and official admissions has been completed at the college.

CAMPUS-BASED FUNDS – Federal Supplemental Educational Opportunity Grant (FSEOG), and Federal Work Study (FWS).

COST OF ATTENDANCE (COA) – An estimate of costs incurred while attending Clatsop. Also known as the Standard COA.

ELIGIBLE PROGRAM – A course of study that leads to a degree or most one and two year certificate programs.

ENROLLMENT PERIOD – In general, the first day through the last day of the term.

EXPECTED FAMILY CONTRIBUTION (EFC) – The amount you and your family are expected to contribute toward your education. The EFC is determined by the Federal Processor.

FAFSA (Free Application for Federal Student Aid) - The application used to apply for federal aid.

FEDERAL PROCESSOR – The Department of Education’s organization for processing FAFSA application data.

NEED BASED PROGRAM – Financial aid that relies upon financial need. Financial need is the total Cost of Attendance (COA) minus the Expected Family Contribution (EFC).

PIN – Personal Identification Number used as an electronic signature for Financial aid.

SATISFACTORY ACADEMIC PROGRESS (SAP) – A measurement of your academic progress based upon Grade Point Average (GPA) and completion rate. A student receiving financial aid must meet SAP guidelines in order to maintain eligibility for aid.

STUDENT AID REPORT (SAR) – A summary of the information reported on the FAFSA and sent to the student.

Last Updated: 
October 18, 2013, 10:58 am
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