This Glossary provides definitions of common terms and provides overviews of many of the programs referenced in this website. You may also Download our Glossary. The download provides a full copy of the entire glossary listings.
There are currently 11 names in this directory beginning with the letter E.
Early action is a college admission policy that allows applicants to apply and receive notice of their admission early.
Early decision is a college admission policy that allows applicants who commit to attend a school to apply and receive notice of their admission early. Students who partake in early decision commit to the school immediately if accepted.
A person who signs a promissory note (along with the borrower) and agrees to pay a loan if the borrower does not.
Information about loan terms and conditions, along with debt management strategies, that first-time student borrowers are required to receive before they may receive their first direct loan disbursement. Entrance Counseling is available on studentloans.gov.
Also called admission requirements, many colleges require applicants to submit an application, transcripts, and standardized test scores among other materials. Not to be confused with prerequisites.
English as a Second Language program. These intense programs teach English to students. Students enrolled in a program consisting solely of ESL instruction are eligible for the Federal Pell Grant program.
Estimated Financial Assistance
Funds that must be considered during the Title IV aid packaging process. EFA includes aid received from Title IV programs (exception: Iraq and Afghanistan Service Grant), as well as all other as grants, scholarships, loans and need-based employment that can be anticipated at the time a school is packaging aid for a student. The student’s packaged Title IV aid plus EFA may not exceed a student’s need. See Title IV Financial Aid
Available on studentloans. gov, it provides information about loan terms and conditions, with emphasis on repayment requirements and debt management strategies, that each school participating in the federal education loan programs must ensure is provided to student borrowers. For direct loan student borrowers, the counseling must take place shortly before the borrower ceases to be enrolled at least half time, or as soon as possible after the school becomes aware that the borrower is no longer enrolled half time.
Expected Family Contribution
The amount a student and the student’s family may be reasonably expected to contribute toward the student’s postsecondary education for the academic year, as calculated by the FAFSA. This figure is NOT the actual amount you will be required to pay. A student’s EFC is typically used to award grant aid.