 Repayment Schedule is a plan that is provided to the borrower at the time he or she ceases at least half-time study. It sets forth the principal and interest due on each installment and the number of payments required to pay the loan in full. Besides, it includes the interest rate, the due date of the first payment, and the frequency of payments.
Reserve Officer Training Corps Scholarship Program - a program offered by the Air Force, Army, Marines, and Navy that provides scholarships and on-campus officer training.
ROTC Scholarship Program – a competitive scholarship that pays for tuition, fees, books and a monthly living stipend and other benefits in exchange for participating in drills and classes during the academic year, military camp during the summer, and, upon graduation, full-time active duty in the military for at least four years. It is a school's written standard of satisfactory academic progress. The grade point average standard is different for each school.
Scholarship is a financial gift that does not need to be paid back. There are a number of criteria for scholarship awarding, such as basis of merit, academic excellence, and in some cases, additional criteria such as study in a particular major, leadership, study abroad, or financial need.
Scholarship Search Services - organizations that claim to help students find little-known and unused financial aid funds. Before using such a service investigate the company.
Scholastic Aptitude Test is one of two standard college entrance examinations (the other is the ACT test).
Selective Service Registration. If required by law, a student must register, or arrange to register, with the Selective Service to receive federal student aid. It applies to males born on or after January 1, 1960, who are at least 18 years old, citizens or eligible non-citizens, and not currently on active duty in the Armed Forces.
Self-Help Aid - loans that must be repaid and work-study funds that must be earned.
Service Academy – the five postsecondary institutions administered by branches of the military (U.S. Military Academy, U.S. Air Force Academy, U.S. Naval Academy, U.S. Coast Guard Academy, U.S. Merchant Marine Academy).
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