Glossary of Terms for Admissions Funnel
Credit Terms
- Academic Probation
- When cumulative GPA falls below 2.0 after completing nine or more credit hours.
- COMPASS
- A computerized test that confirms readiness to take college-level classes.
- Credit Courses
- Primarily designed to earn academic credits toward a degree or certificate.
- Credit Hours
- The amount of credit received for completing a specific course.
- Admissions Application
- Document all first-time students complete to be enrolled as a student.
- Official Transcript
- A list of all classes taken and all grades received by the student, and is sent by the school in a sealed envelope, usually with an original signature of a school official and an official seal.
- Prerequisites
- A condition or specific course(s) which must be met before enrolling in other courses.
- Registration
- The process of completing forms and steps necessary to enroll in classes.
- Transcript Evaluation
- The procedure for awarding transfer credit for PSC equivalent courses completed at another college or university.
- Unofficial Transcript
- A list of all the coursework taken and grades earned by a student, but does not include the school’s seal or signature of school official.
- Family Educational Rights and Privacy Act (FERPA)
- FERPA gives students the right to control who sees their college records.
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Business Office Terms
- Automatic Payment Plan
- Offers a flexible payment option using either a credit card or by automatic withdrawal from a checking or savings account. This is not a loan; there are no interest or finance charges assessed.
- Tuition and Fees
- The amount charged for courses that are non-negotiable.
- Payment Deadline
- Date all tuition and fees are due unless prior arrangements have been made.
Non-Credit Terms
- Adult Education Course
- Learning opportunities for non-high school graduates, 16 and older, to learn basic skills.
- Continuing Education Courses
- Non-credit courses or workshops that do not apply to degrees but are taken for personal enrichment or professional development.
- ABE
- Adult Basic Education
- GED
- General Education Development
- ESL
- English as a Second Language
- ATOC
- Adult Education and Outreach Center
- Assessment
- A standardized test for ABE/GED students to determine grade level equivalency or a standardized test for English as a Second Language students to determine English language ability.
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Financial Aid Terms
- Award Letter
- Official notification of the amount financial aid a student is eligible to receive.
- Book Vouchers
- After tuition and fees are paid from the Pell Grant, any amount remaining is given to the student in the form of a voucher to purchase books.
- Career Programs
- Programs that lead to employment upon completion.
- Dependent Student
- Whether or not the student is financially dependent on his or her parents is based on federal guidelines. All students are considered dependents unless he or she is 24 years or older, is a graduate student, is married, has legal dependents, is an orphan or ward of the court, or is a veteran of the U.S. Armed Forces.
- Eligible Programs
- Students must pursue a two-year degree program or a minimum one-year certificate to be eligible for financial aid.
- Financial Aid and No Class Attendance
- Upon the receipt of the Midterm Verification Form, students who are not attending all of their classes will receive a reduced award.
- Financial Aid and Withdrawal
- Students who withdraw from a class may receive a reduced award. See the Financial Aid Office for details.
- Free Application for Federal Student Aid (FASFA)
- A required form that must be completed as the first step in applying for many types of financial aid.
- Full-Time Student
- Anyone taking 12 credit hours or more during the fall or spring semesters, or six or more credit hours during the summer semester.
- Grants
- Financial aid which does not have to be repaid.
- Independent Student
- A student is considered independent if he or she is 24 years or older, is a graduate student, is married, has legal dependents, is an orphan or ward of the court, or is a veteran of the U.S. Armed Force.
- MAP Grant
- Available to Illinois residents who will attend approved Illinois colleges and demonstrate financial need based on the information provided on the FAFSA.
- Part-time Student
- Anyone taking 11 credit hours or less during the fall and spring semesters or five credit hours or less during the summer semester.
- Pell Grant
- Need-based financial aid awarded to undergraduate students. Repayment is not required.
- Pell Refund
- The remaining balance of funds in the Pell Grant that students are eligible for.
- Priority Deadline
- July 1—Date that all paperwork is due to be given priority consideration for financial aid dollars.
- Program Intent
- Students must pursue a two-year degree program or a minimum one-year certificate to be eligible for financial aid. Students must declare this on their FAFSA.
- Standards of Academic Progress
- Standards that identify students’ exected progress in terms of credits earned and time elapsed.
- Scholarships
- A form of financial assistance that does not need to be repaid. Scholarships are generally offered to students who possess certain characteristics important to the scholarship provider (such as academic performance, talent, hobbies, ethnicity, etc.) The PSC Foundation offers a wide-range of scholarships. See the Financial Aid Office for details.
- Summer Financial Aid
- Students who attend full-time and received during fall and spring terms are not eligible for aid in the summer.
- Verification
- Process whereby a student must document information reported on their FAFSA and submit it to the Financial Aid Department.
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