Student Financial Aid and Scholarships :: University of North Texas
FAFSA applications for 2006-2007 will be available online beginning January 2, 2006. Complete your 2006-2007 FAFSA by the priority deadline of April 15, 2006.
Glossary
T
Teaching Assistantship A form of financial aid awarded to graduate students to help support their education. Teaching assistantships usually provide the graduate student with a waiver of all or part of tuition, plus a small stipend for living expenses. As the name implies, a TA is required to perform teaching-related duties.
Term The term of a loan is the number of years (or months) during which the loan is to be repaid.
Title IV School Code When a student fills out the Free Application for Federal Student Aid, they need to supply the Title IV Code for each school to which they are applying. This code is a six-character identifier that begins with one of the following letters: O, G, B, or E. The Title IV code for UNT is 003594
U
Unearned Income Interest income, dividend income, and capital gains.
Unmet Need The FAO may provide the student with less than the student's need (as determined by the FAO). This gap is known as the unmet need.
Unsecured Loan An unsecured loan is not backed by collateral, and hence represents greater risk to the lender. The lender may require a co-signer on the loan to reduce their risk. If you default on the loan, the co-signer will be held responsible for repayment. Most educational loans are unsecured loans. In the case of federal student loans, the federal government guarantees repayment of the loans. Other examples of unsecured loans include credit card charges and personal lines of credit.
Unsubsidized Loan An unsubsidized loan is a loan for which the government does not pay the interest. The borrower is responsible for the interest on an unsubsidized loan from the date the loan is disbursed, even while the student is still in school. Students may avoid paying the interest while they are in school by capitalizing the interest, which increases the loan amount. Unsubsidized loans are not based on financial need and may be used to finance the family contribution.
Untaxed Income Contributions to IRAs, Keoghs, tax-sheltered annuities, and 401k plans, as well as worker's compensation and welfare benefits.
US Department of Education (ED) The US Department of Education administers several federal student financial aid programs, including the Federal Pell Grant, the Federal Work-Study Program, the Federal Perkins Loans, the Federal Stafford Loans, and the Federal PLUS Loans.