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| More Terms on 'S' |
 Simplified Needs Test - an alternate method of calculating the expected family contribution for families with adjusted gross incomes of less than $50,000, who have filed, or are eligible to file, an IRS Form 1040A or 1040EZ, or are not required to file an income tax return.
Specialized Aid refers to the aid programs based on a wide range of criteria intended to encourage targeted populations of people to pursue higher education.
Stafford Loan – is a loan given by banks, credit unions, loan associations and schools. It is also known as the Guaranteed Student Loan.
Statement of Education Purpose. This is sent with the Student Aid Report and student must sign it to assure the government that the money awarded will go exclusively to education-related expenses.
Student Aid Report (SAR) is an official notification sent to a student as a result of the Central Processing System receiving an applicant record (via FAFSA) for the student. In some instances the SAR may need to be submitted to the financial aid office at the school the student plans to attend, but only if the school requests it.
SAR Information Acknowledgment is a non-correctable one-page Student Aid Report. Those students who file electronic applications or who make electronic corrections to applicant information through a school receive this acknowledgment.
Student Loan Interest Deductions – tax deductions provided for qualified independent students who are paying off college loans.
Student Loan Reform Act – an act passed by Congress in 1993 that alters the way students obtain and repay educational loans; brought about the direct lending program and introduced the idea of community service as a repayment option.
Student Contribution is a quantitative estimate of the student's ability to contribute to postsecondary expenses for a given year.
Subsidized Loan is a loan that does not accrue interest until the recipient’s graduation.
Subsidy – the amount of money the federal government uses to help underwrite student aid programs. Primarily, it refers to government payments to lenders of the in-school interest on Federal Stafford Loans.
Supplemental Education Opportunity Grants – is a campus-based grant program that usually is a supplement to Pell Grants.
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