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Undergraduate Student: A student studying towards a four-year baccalaureate degree. |
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Unearned Income: Interest income, dividend income, and capital gains
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Unmet Need: Funding needed in addition to scholarships, grants, loans, or other financial aid awards, to cover a student's total cost of attendance. |
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| Unsecured Loan: A type of loan that
does not require the borrower to provide the lender with collateral.
Typically, unsecured loans carry higher interest rates and often
require a co-signer. |
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Unsubsidized Loan :A student is responsible for paying the interest on an unsubsidized loan while attending school or while the loan is in deferment.
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| Untaxed Income: Contributions to IRAs, Keoghs, tax-sheltered annuities, and 401k plans, as well as worker's compensation and welfare benefits. |
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US Department of Education (ED): The US Department of Education administers several federal student financial aid programs, including the Federal Pell Grant, the Federal Work-Study Program, the Federal Perkins Loans, the Federal Stafford Loans, and the Federal PLUS Loans |
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