Student Financial Services


Glossary of Terms


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A

Admissions
The department responsible for providing information about the school to prospective students, reviewing applications for acceptance to the university, and determining a student's eligibility for admission.

Award Letter
The official document sent by the Financial Aid Office which lists all awards—grants, loans, and scholarships—which are offered to the student for an academic year. It should also list the terms and conditions required for each program. It may also list the cost of attendance.

B

Bursar
The department responsible for the administration of the student's charges and payments.

C

Cost of Attendance (COA)
Those costs directly or indirectly associated with the pursuit of higher education. It may include tuition, fees, room and board which are billed by the University, but will also include allowances for books, supplies, personal expenses, transportation, loan origination fees, and at some schools may include computers, dependent child care costs, etc., which are not billed by the school.

Credits
The unit of measurement of the value of course work.

College Scholarship Services (CSS) Profile
Alternative application for financial assistance used by some schools to determine eligibility for school funds. May not be used in place of the FAFSA, but may be required in addition. This form is accepted, but not required by Adelphi.

D

Department of Education (DOE)
That part of the federal government charged with the administration of all federally funded sources of financial assistance and the determination of regulatory compliance by all schools which offer those funds.

E

Enrollment
The process of registering for classes each semester.

Expected Family Contribution (EFC)
The amount calculated by the federal government using the Federal Methodology as the minimum amount the student and/or family is expected to pay toward the cost of education each year.

Express TAP Application
Application required to determine eligibility for the New York State Tuition Assistance Program (TAP) grant.

F

FAFSA
Free Application for Federal Student Aid. This is the form that must be filed annually by all college students seeking financial assistance. It is used to calculate the EFC (see above) and determine eligibility for federally based sources of funding.

Federal Work Study (FWS)
Federally funded program administered by the school within federal guidelines whereby the student seeks employment either in or through the school and is paid for hours worked.

FERPA
Family Education Rights and Privacy Act (1974 as amended). The laws which protect a student's right to privacy in all aspects of their education and govern the manner in which schools disseminate information to students and their families.

Financial Aid Office
The department that determines a student's eligibility for financial aid, creates the financial aid package, and sends out the award letter.

Full-time
Registration for a minimum of 12 credits per semester (Department of Education definition which is used to determine eligibility for financial aid).

G

Grace Period
The period between separation (graduation or enrollment for less than 6 credits per semester) and the commencement of repayment of loan obligations.

Grants
Gift aid offered by schools and other groups. May be based on need. No repayment is required for these awards.

H

Half-time
Registration for 6 to 8 credits per semester (see Full-time).

L

Less than Half-time
Registration for fewer than six credits per semester (see Full-time).

M

Merit-based Awards
Financial aid given to students who have outstanding abilities, talents, and/or achievements. Financial situation is not considered.

N

Need
The remainder calculated by taking the 'budget' and subtracting the 'EFC' and the 'financial aid' (budget - EFC - financial aid = need).

Need-based Awards
Financial aid awarded to students whose families do not have sufficient financial resources to pay for college. Academic performance, talent, and abilities are not considered. These awards may or may not meet all of a student's needs.

P


Packaging
The process whereby a financial aid officer determines the financial aid awards and amounts for which the student is eligible each year. The amounts are subject to change from year to year, and within any given year if factors affecting eligibility change.

Pell Grant
Federally based grant with an annual maximum of $4,050. Eligibility based on the EFC (see above).

Perkins Loan
Federally based loan program administered by the school within federal guidelines. Annual maximum is $4,000, with an interest of 5%. Funds are awarded at the discretion of the school within federal guidelines. Payment of principle and interest begins 9 months after separation.

R

Registrar
The department responsible for the administration of course registration, room assignments, determining eligibility for graduation, and the production of transcripts and diplomas.

S

Scholarship
Gift aid offered by schools and other groups. They are usually based on academic performance, talent, athletics, school, or community involvement.

Separation
Reduction of enrollment to less than 6 credits per semester, leave of absence, graduation, or failure to register in consecutive terms. This may initiate repayment of loans.

Student Aid Report (SAR)
Summary of information submitted on the FAFSA which is sent to the student for his or her review. It should be checked each year for accuracy and completeness.

Subsidized Stafford Loan
Federally based loan program with eligibility determined based on cost of attendance and need. Maximum eligibility is set by the federal government based on grade level. Interest rate is variable, set each year on June 1. Interest is paid by the federal government while the student is in attendance taking at least 6 credits. Repayment begins 6 months after separation.

Supplemental Educational Opportunity Grant (SEOG)
Federally based grant with an annual maximum of $2,000. Eligibility is tied to the Pell Grant. Funds are awarded at the discretion of the school within federal guidelines.

T

Three-quarters time
Registration for 9 to 11 credits per semester (see Full-time).

Title IV
That part of the Higher Education Act which regulates the administration of, and refunds for the following sources of financial aid: Pell Grants, SEOG Grants, Subsidized Stafford Loans, Unsubsidized Stafford Loans, Perkins Loans, and Federal Work Study.

U

Unsubsidized Stafford Loan
Federally based loan program with eligibility NOT tied to need. Maximum eligibility is set by the federal government based on grade level. Interest rate is variable, set each year on June 1. Interest payments are the responsibility of the students as soon as the funds are disbursed, but may be deferred until separation. Repayment begins six months after separation.

V

Verification
The process by which randomly selected FAFSA records are checked for accuracy by the financial aid office.

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Contact
Office of Student Financial Services
Adelphi University
Levermore Hall, Lower Level Room 1
1 South Avenue
P.O. Box 701
Garden City, NY 11530-0701

p - 516.877.3080
p - ext. 2240 (on campus only)
f - 516.877.3380
e - financialservices@adelphi.edu

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Regular Semester Hours:
Monday through Thursday: 8:30 a.m.-6:00 p.m.
Friday: 9:00 a.m.-4:30 p.m.

Holiday Hours
September 1, 2014 - CLOSED
November 27 - 28, 2014 - CLOSED
December 24, 2014 - January 2, 2015 - CLOSED
January 19, 2015 - CLOSED
May 25, 2015 - CLOSED
July 3, 2015 - CLOSED

Summer Hours: (June 1-August 15)
Monday through Tuesday: 8:30 a.m.-4:30 p.m.
Wednesday: 8:30 a.m.-6:00 p.m.
Thursday: 8:30 a.m.-4:30 p.m.
Friday: 9:00 a.m.-4:30 p.m.


This page was last modified on January 29, 2013.
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