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Financial Aid Acronyms and Abbreviations
AY
(Academic Year)At MTC Academic Year consists of the Fall and Spring terms ARF Aid Request Form (distributed for Summer Term only) EDE
Electronic Data Exchange (the transmission of FAFSA results to the school from the processor)
EFC
Expected Family Contribution as calculated by the federal need analysis formula
FAFSA
Free Application for Federal Student Aid
FAT
Financial Aid Transcript
FFELP
Federal Family Educational Loan Programs (Federal Stafford and PLUS Loans)
FSEOG
Federal Supplemental Educational Opportunity Grant
FWS
Federal Work-Study
Hard Copy
Paper loan application (not electronic)
ISIR
Institutional Student Information Report (similar to Student Aid Report or SAR)
MPN
Master Promissory Note which must be signed by borrower
SAR
Student Aid Report (need analysis results from the FAFSA)
SUB
Subsidized Stafford Loan (interest does not accrue until after graduation or leaving school)
UNSUB
Unsubsidized Stafford Loan (interest accrues for the life of the loan)
SAP
Satisfactory Academic Progress
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