Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7 Page 8 Page 9 Page 10 Page 11 Page 12 Page 13 Page 14 Page 15 Page 16 Page 17 Page 18 Page 19 Page 20 Page 21 Page 22 Page 23 Page 24 Page 25 Page 26 Page 27 Page 28 Page 29 Page 30 Page 31 Page 32 Page 33 Page 34 Page 35 Page 36 Page 37 Page 38 Page 39 Page 40 Page 41 Page 42 Page 43 Page 44 Page 45 Page 46 Page 47 Page 48 Page 4945 For more information, visit Master Promissory Note (MPN): A legally binding contract between a borrower and lender. It establishes the conditions a student or parent borrows money under and the terms it must be repaid. The MPN is good for 10 years if the student doesn’t change schools. Merit-based: Financial aid based on academic, athletic or some other type of achievement. Minor: Secondary academic field of study in college. “The road to success is always under construction.” -Lily Tomlin National Merit Scholarship Program: Students who do well on the PSAT/NMSQT in their junior year may qualify for National Merit Scholarships. Some students receive full scholarships. National Collegiate Athletic Association (NCAA) Eligibility Center: The NCAA Eligibility Center certifies the initial academic eligibility and amateur status of all college-bound student athletes who wish to compete in NCAA Division I or II athletics. Need-based: Need-based financial aid is reserved for low-income students. NSLDS (National Student Loan Data System): This U.S. Department of Education database allows students to access their Title IV student loan and grant information. Pell Grant: This federal program provides need-based educational grants for low-income students. Pell Grants do not have to be repaid. PLUS: PLUS loans are federal loans that graduate or professional degree students and parents of dependent undergraduate students can use to help pay education expenses. The U.S. Department of Education makes Direct PLUS Loans to eligible borrowers through schools participating in the Direct Loan Program. Promissory Note: A promissory note is a legal document in which the borrower promises to repay a loan and any accrued interest and fees to the lender. It also explains the terms and conditions of a loan. Postsecondary: “After high school. ” Postsecondary education can be received at a college, university, community and technical college, proprietary school or off campus. PSAT/NMSQT (Preliminary SAT/National Merit Scholarship Qualifying Test): Students hoping to receive a National Merit Scholarship must take and pass this test. ROTC (Reserve Officers Training Corps.): In this program, the military pays a student’s tuition or other expenses. The student takes part in summer training while in college, and commits to military service after college. SAR (Student Aid Report): This report summarizes the information entered on your FAFSA form, and shows the amount of your Expected Family Contribution.