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Education
Term Definition
FAFSA the Free Application for Federal Student Aid. This is the main form students use to apply for federal education grants and loans.
Private Student Loans loans that are financed by private companies rather than the government.
Perkins Loan One of the most common types of federal student loan, awarded based on limits that are set for any individual loan as well as on financial need.
Federal Student Loans loans that are offered directly to students by the government.
Apprenticeship A learning period of up to five years including on-the-job training (with pay) and additional coursework at night.
Career Ladder Upward movement from an entry-level job to the job that is a final goal.
College A four-year institution of learning where students earn an undergraduate degree.
Cooperative Education When a degree program is combined with an internship in a company as part of practical education in a field.
Grants and Scholarships Money to pay for college that does not need to be paid back.
Internship Time spent working for a company in an industry of interest.
Occupational Training Programs These range from a half day weekly during high school to two-year, full-time programs spent learning a trade such as firefighting, medical technology, or IT network management.
University An organization of advanced education that has the necessary certification to award graduate or undergraduate degrees.

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