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Financial Aid Jargon

Term

The number of years (or months) during which a loan is to be repaid.

Unsubsidized Loan

A loan for which the government does not pay the interest. The borrower is responsible for the interest on an unsubsidized loan from the date the loan is disbursed, even while the student is still in school.

Verification

The review process in which the Financial Aid Office determines the accuracy of the information provided on the student's FAFSA application using required documentation submitted by the student and parent. If selected for verification, the student will be notified by email and a message will be displayed on STARS.