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 scholarship requires students to provide certain services. If they don’t provide the service, the scholarship becomes a loan.
• Cost of attendance. The total cost of one year of college: tuition, fees, room, meals, supplies, transportation and personal items.