Paying for College 101 CCIFP UPDATED ACTUAL Questions and CORRECT
Answers
GPA Average numerical value of a student's grades based on the scale A=4, B=3, C=2,
D=1, F=0
Scholarship A form of financial aid that does not need to be repaid; usually awarded on the
basis of academic, athletic or other achievements
Loan An amount of money given to the borrower for a set period of time. After the set
time has passed, the money must be paid back plus the lending fee, called
interest. Payments are normally made over a series of months.
Grant A form of financial aid based on financial need that does NOT need to be repaid
Admissions The department which accepts or rejects your entry into college based on
application, essay, etc.
Transcript an official document showing the educational work of a student in a school or
college
Tuition the expense paid by students for the instruction at a school
Room and Board living and food costs (dorm and meal plans)
Minor A student's SECONDARY field of study which often requires less courses to attain;
completely optional
Major A student's MAIN field of study in college which results in a degree; usually
declared by sophomore year
Graduate Student a student who is studying for a degree that is higher than the one received after
four years of study at a college or university
Trade School A type of higher learning school that focuses on job skill training for specific
career fields rather than academics in liberal arts
Community College Type of college with up to 2-year programs leading to certificates, diplomas, or
associate degrees.
University a collection of colleges, has undergraduate programs which award bachelor
degrees and graduate program for masters' degrees and doctorates.
Undergraduate Student An undergraduate is a student who is pursuing either a two, or four-year degree.
Answers
GPA Average numerical value of a student's grades based on the scale A=4, B=3, C=2,
D=1, F=0
Scholarship A form of financial aid that does not need to be repaid; usually awarded on the
basis of academic, athletic or other achievements
Loan An amount of money given to the borrower for a set period of time. After the set
time has passed, the money must be paid back plus the lending fee, called
interest. Payments are normally made over a series of months.
Grant A form of financial aid based on financial need that does NOT need to be repaid
Admissions The department which accepts or rejects your entry into college based on
application, essay, etc.
Transcript an official document showing the educational work of a student in a school or
college
Tuition the expense paid by students for the instruction at a school
Room and Board living and food costs (dorm and meal plans)
Minor A student's SECONDARY field of study which often requires less courses to attain;
completely optional
Major A student's MAIN field of study in college which results in a degree; usually
declared by sophomore year
Graduate Student a student who is studying for a degree that is higher than the one received after
four years of study at a college or university
Trade School A type of higher learning school that focuses on job skill training for specific
career fields rather than academics in liberal arts
Community College Type of college with up to 2-year programs leading to certificates, diplomas, or
associate degrees.
University a collection of colleges, has undergraduate programs which award bachelor
degrees and graduate program for masters' degrees and doctorates.
Undergraduate Student An undergraduate is a student who is pursuing either a two, or four-year degree.
