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Chapter 5
Life after high school
16
Business
12th Grade
09/29/2014

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Term
Free Application for Federal Student Aid (FAFSA)
Definition
A form that is completed annually by current and prospective college students to determine their eligibility for financial aid
Term
Grant
Definition
A form of federal or state financial aid that does not need to be repaid; usually given to students who demonstrate financial need
Term
Scholarship
Definition
A form of financial aid that does not need to be repaid' usually awarded on the basis of academic, athletic or other achievements
Term
Work Study
Definition
A program that allows students to work part time while continuing their studies
Term
Apprenticeship
Definition
A learning period of up to five years including on the job training (with pay) and additional coursework at night
Term
Associate's Degree
Definition
A degree that generally takes two years of study and is awarded by a community, junior , or business college.
Term
Bachelor's degree
Definition
An academic degree which usually takes four years to earn and is awarded by a college or university
Term
Career Ladder
Definition
Upward movement from an entry-level job to the job that is a final a goal.
Term
College
Definition
A four-year institution of learning where students earn an undergraduate degree
Term
Community College
Definition
A two-year college that emphasizes career training, or a less expensive way to complete the first two years of college before transferring to a four-year college.
Term
Cooperative Education
Definition
When a degree program is combined with an internship in a company as part of practical education in the field.
Term
Grants and Scholarships
Definition
Money to pay for college that does not need to be paid back
Term
Internship
Definition
Time spent working for a company in an industry of interest. Can be paid or unpaid, and can last typically from six weeks to a year
Term
Occupational Training Programs
Definition
These range from a half-day weekly during high school to two-year, full-time programs spent learning a trade such as firefighting, medical technology, or IT network management.
Term
Student Loan
Definition
Money borrowed to pay for education. This money must be paid back. The best loans have deferred interest. That means interest does not start building until the education period is complete
Term
University
Definition
An organization of advanced education, that makes the appropriate amenities available for instruction and study and has the necessary certification to award graduate or undergraduate degree
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