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Glossary


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Academic Year: A period in which a student is expected to complete the equivalent of two semesters, typically a 9 to 12 month school term. Some schools are on other systems. Be sure you understand how your school determines your enrollment status.
Assets: Cash on hand in checking and savings accounts; trusts, stocks, bonds, other securities; real estate, income-producing property, business equipment, and business inventory. Considered in determining Expected Family Contribution (EFC).

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