Half-Time - student must be attending school at least half-time in order to qualify for many types of federal aid. There are different criteria for half-time, they varies from college to college.

Health and Human Services, U.S. Department of (HHS) – it is the section of the federal government that provides assistance to future health care practitioners.

Health Professions Programs are federal student assistance programs administered by the U.S. Department of Health and Human Services for students preparing for careers in the health sciences.

Hope Scholarship. This is not an actual scholarship granted by an organization but rather a tax credit plan that began in 1998 in which parents get a deduction for college expenses they can’t otherwise cover.

Income is the amount of money received from any or all of the following: wages, interest, dividends, sales or rental of property or services, business or farm profits, certain welfare programs, and subsistence allowances such as taxable and non-taxable social security benefits and child support.

Income Protection Allowance – it is an allowance against income for the basic costs of maintaining family members in the home. It is based upon consumption and other cost estimates of the Bureau of Labor Statistics for a family at the low standard of living.

Income Contingent – is a loan repayment schedule based on the borrower’s ability to pay.

Independent Student – a student who is 24 years old or older, or who is not 24 but both parents are deceased, a ward or dependent of the court, a veteran, married, a graduate or professional student, has legal dependents other than a spouse, or has special circumstances.

Interest – is a charge for borrowed money. In general it is a percentage of the borrowed amount. The rate may be constant throughout the life of the loan (fixed rate) or it may change at specified times (variable rate).

Investment Plans - educational savings programs, usually sponsored by commercial banking institutions.