Financial aid has a language of its own

 As high school seniors and their parents begin the college financial aid process, they may find themselves faced with unfamiliar terms. This short glossary from the Kentucky Higher Education Assistance Authority (KHEAA) may help.

· Conversion scholarship/loan. This type of financial aid requires recipients to provide certain services or pay back the funds with interest.

· Expected family contribution (EFC). This is the amount the student and family are expected to pay toward yearly college costs.

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