Helpful Terms

A federal financial aid form, Free Application for Federal Student Aid (FAFSA), is completed by the student and parents. It is used to determine how much students and parents are expected to contribute towards the cost of education.

This form is analyzed and the results are sent to you and the school you indicate. This form must be completed in order to receive most types of financial aid. The Cost of Education minus the family contribution equals a student’s financial needs.

The results of the Free Application for Federal Student Aid which are used in calculating the types and amounts of aid.

The amount of money the parents and student combined are expected to contribute toward the cost of education during a school year. The federal government believes that the student and the family are primarily responsible for financing the student’s education. It may be possible to borrow an Unsubsidized Stafford or Plus loan to assist in meeting this contribution.

Also referred to as Cost of Attendance or Student budget. This amount is a total cost estimate of what a student might spend including tuition, fees, housing, meals, personal expenses, etc.

An offer to the student from the school’s financial aid office. It contains various types of aid to pay for the cost of education. Campbell University award packages are electronic. View your award details via Self-Service.

A type of financial aid that does not have to be repaid.

A type of financial assistance which does not have to be repaid. Funds are provided by a variety of civic organizations, professional groups, etc. and by colleges. Scholarships are based on academic excellence, personal skills, family affiliations, athletic ability, etc.

A type of financial assistance that must be repaid. PLUS and Private loan approvals or denials are made by the lender based on the credit worthiness of the applicant.

Aid paid by federal or institutional funds, for hours worked by student.

Learn more about Federal Work Study.