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Essential Scholarship Vocabulary for Senior Seminar: Understanding Key Terms

This resource provides crucial vocabulary for students participating in Senior Seminar focused on scholarships. Key terms include "Accredited," "AGI (Adjusted Gross Income)," and "Community College," which are essential for understanding financial aid processes. The explanation of DACA (Deferred Action for Childhood Arrivals) is also important, highlighting its significance for undocumented students. Additionally, terms like EFC (Expected Family Contribution) and FAFSA (Free Application for Federal Student Aid) are defined to assist students in navigating their financial aid applications efficiently.

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Essential Scholarship Vocabulary for Senior Seminar: Understanding Key Terms

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  1. Scholarship Vocabulary Week 2 Senior Seminar

  2. Review Words • 1. Accredited • 2. AGI (Adjusted Gross Income) • 3. Academic Year • 4. Community College • 5. Cost of Attendance

  3. CSS Profile • The College Scholarship Service Profile is a financial aid form that many colleges and universities use to determine how much non-federal financial aid a student may be eligible for.

  4. DACA (Deferred Action for Childhood Arrivals) • In 2012, the Secretary of Homeland Security announced that certain people who came to the United States as children and meet several key guidelines may request consideration of deferred action for a period of two years, subject to renewal, and would then be eligible for work authorization. Deferred action is a discretionary determination to defer removal action of an individual as an act of prosecutorial discretion. Deferred action does not provide an individual with lawful status.

  5. DREAMer: • A non-U.S. citizen or permanent resident high school student who qualifies for in-state college tuition under the Illinois’ HB-60 State Legislation and who will benefit from the Illinois DREAM ACT, a provision that supports children of immigrants in Illinois signed by Governor Pat Quinn in 2011.

  6. EFC (Expected Family Contribution) • The amount a family is expected to contribute to a student’s education. EFC is calculated based on family earnings, net assets, savings, and size of family and number of family members in college.

  7. FAFSA (Free Application for Federal Student Aid) • The form that must be completed by students and parents applying for Federal Title IV student aid: www.fafsa.ed.gov

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