Financial Aid Acronyms

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ADC – Aid to Dependent Children

AFDC – Aid to Families with Dependent Children

AGI – Adjusted Gross Income

AY – Academic Year

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– Bachelor's Degree

BIA – Bureau of Indian Affairs

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– Cost of Attendance

CSS – College Scholarship Service

CPS – Central Processing System

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– Department of Health and Human Services

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– US Department of Education

EIC – Earned Income Credit

EDE – Electronic Data Exchange

EFC – Expected Family Contribution (also FC, Family Contribution)

EFN – Exceptional Financial Need Scholarships (health professions)

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– Financial Assistance for Disadvantaged Health Professions Students

FAFSA – Free Application for Federal Student Aid

FAP – Federal Academic Progress

FAT – Financial Aid Transcript

FDLP – Federal Direct Loan Program

FFELP – Federal Family Education Loan Program

FM – Federal Methodology

FNAS – Federal Need Analysis System

FPLUS – Federal PLUS (Parent) Loan

FSEOG – Federal Supplemental Educational Opportunity Grant

FWS – Federal Work-Study

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– Grade Point Average

GSL – Guaranteed Student Loan

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– Health Education Assistance Loan

HHS – Department of Health and Human Services (also DHHS)

HPSL – Health Professions Student Loan

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– Immmigration and Naturalization Service

ISIR – Institutional Student Information Report

IPA – Income Protection Allowance

IRS – Internal Revenue Service

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LDS – Loans for Disadvantaged Students (health professions)

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– Multiple Data Entry

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NDSL – National Defense/Direct Student Loan (now known as the Federal Perkins Loan)

NEISP – National Early Intervention Scholarship and Partnership Program

NHSC – National Health Services Corps

NSLDS – National Student Loan Data System

NSSP – National Science Scholars Program

NSL – Nursing Student Loan

NTI – Net Taxable Income

NYSFAAA – New York State Financial Aid Administrators Association

NYSHESC – New York State Higher Education Services Corporation

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– Office of Student Financial Assistance, US Department of Education

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– Parental Contribution

PCL – Primary Care Loan Program (health professions)

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– Student Aid Report

SAP – Satisfactory Academic Progress or State Academic Progress

SC – Student Contribution

SDS – Scholarship for Disadvantaged Students

SSIG – State Student Incentive Grant

SUNYFAP – State University of New York Financial Aid Professionals

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– Veterans Affairs or Veterans Administration

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Copyright © 2004-2019 NYSFAAA

The information presented on the NYSFAAA Website is provided as a service from the New York State Financial Aid Administrators Association to our constituents and represents our best efforts to assist students and their families in pursuing funding for higher education. NYSFAAA is a volunteer association of financial aid professionals representing the various institutions of higher education in New York State. We have collected information we believe to be important and reputable in finding and obtaining financial aid resources; however, we assume no liability for the use of this information. The New York State Financial Aid Administrator's Association, Inc (NYSFAAA) does not receive any money, gifts or compensation, related to educational lending activities, from any "lending institution" as defined in S620(8)a and S620(8)b of New York State Education Law. Hence, NYSFAAA does not meet the definition of "lending institution" as defined in S620(8)c of New York State Education Law. Therefore, institutions of higher education in New York and employees of those institutions are not subject to any potential conflicts of interest or legal restrictions under NYS Education Law in their interactions with NYSFAAA.*
* This statement does not constitute, and should not be construed as, legal advice.