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Glossary of Financial Aid Terms

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Income:
The amount of money received from employment (salary, wages, tips), profit from financial instruments (interest, dividends, capital gains), or other sources (welfare, disability, child support, Social Security, and pensions).

Independent Student:
Students who are either 24 years of age or older, orphans, wards of court, veterans of the U.S. Armed Services, graduate students, married, or have a legal dependent(s). For federal financial aid purposes, there will be no expected parent financial contribution towards this student's cost of education.

Institutional Student Information Report (ISIR):
The electronic record of the Student Aid Report (SAR), this is provided by the federal government to colleges based on the student's FAFSA or Renewal FAFSA.

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