Academic Year:
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A
period in which a student is expected to
complete the equivalent of two semesters,
typically a 9 to 12 month school term. Some
schools are on other systems. Be sure you
understand how your school determines your
enrollment status.
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Assets:
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Cash on hand in checking and savings accounts; trusts, stocks, bonds, other securities; real estate, income-producing property, business equipment, and business inventory. Considered in determining Expected Family Contribution (EFC).
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