A
B
C D
E F
G H
I J
K L
M N
O P
Q R
S T
U V
W X
Y Z |
| |
| F |
| FAO |
An
acronym for financial aid officer. |
 |
| Federal
Family Education Loan Program
(FFELP) |
The
Federal Stafford, PLUS, SLS and
Consolidation Loan Programs that
are funded by private lenders,
guaranteed by guarantors and
reinsured by the federal government. |
|
| Fees |
A
charge associated with the processing
of a loan. Most loans have one
or more fees such as guarantee,
origination, and insurance of
application fees. These fees are
usually deducted from the amount
you borrow before the loan is
disbursed. Some loan fees can
be borrowed in addition to the
approved loan amount. Note: Interest
on a loan accrues on the total
amount — principal paid
to you or your school, plus any
fees. |
|
| Florida
Department of Education, Office
of Student Financial Assistance |
A
guarantor of federal loans in
Florida. |
|
| Forbearance |
Forbearance
means the temporary postponement
of payments such as allowing for
an extension of time for making
payments, or accepting smaller
payments than previously scheduled.
It is granted to reduce the incidence
of default and simplify the administration
of the loan programs by lenders. |
|
| Free
Application for Federal Student
Aid (FAFSA) |
The
form the student must complete
to apply for federal Title IV
financial assistance, including
Stafford Loans. The student must
include financial information
on the student's household so
that the expected family contribution
can be calculated. |
|
| Full
Time |
A
period of time generally defined
as a minimum of 12 semester hours
per academic term or 24-clock-hours
attendance. |
|
| Funds |
Any
moneys (including checks, drafts,
or other instruments) or any commitment
to provide money under the guarantor's
programs to a borrower enrolled
at (or accepted for enrollment)
and attending a participating
school. |
 |
| |
|
|
Federal Consolidation Loan
