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Glossary of Financial Aid Terms

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Grade Point Average (GPA):
The GPA is a numeric average of a student's grades, where letter grades are converted to a 4.0 scale. A grade of A is equal to a 4.0 grade point average, a B to a 3.0, etc.

Graduate Student:
A student in a post-secondary institution who is enrolled in a master's or higher level degree program.

Grants:
Financial aid awards that do not have to be repaid are considered grants. Grants are available through the federal government, state agencies and colleges.

Gross Income:
Income before taxes, deductions, and allowances have been subtracted.

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