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Student Financial Aid Glossary

Financial aid can be an alphabet soup of acronyms like FAFSA, SAR, SAP and EFC and technical terminology. It is almost like speaking a foreign language. This glossary defines the terms and acronyms that are most frequently used in student financial aid.

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Furlough
A furlough is a temporary leave of absence for some of a company’s employees, often due to economic conditions or changes in demand for the company’s products and services.
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