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Glossary of Financial Aid Terms

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Base Year:
The base year is the tax year prior to the academic year (award year) for which financial aid is requested. Financial information from this year is used to determine eligibility for financial aid.

Budget:
See Cost of Attendance (COA)'

Bursar's Office:
The business office in most universities that is responsible for the billing and collection of tuition and fees revenue and other related charges.

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