Definition of Terms | MVCC | Mohawk Valley Community College
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Definition of Terms

Frequently Used Terms in Financial Aid

Full time

You are registered for 12 or more credit hours in one semester.

Part time

You are registered for less than 12 credit hours in one semester.


Free Application for Federal Student Aid (this is the Application and not the award itself).

If eligible, your awards may include federal grants such as: Pell, Supplemental Educational Opportunity (S.E.O.G), and Federal Work Study; and loans, Federal  Perkins, and the Williams D. Ford Direct Federal Student Loan.


Estimated Family Contribution is an index calculated by the US education department and derived from the family income information you provide on your FAFSA. The neediest student has a lower EFC than the most economically self-sufficient student.


New York State Higher Education Services Corporation is the agency responsible for processing your  state application then determining the dollar value of your TAP award.


Gift money that is offered to you and that does not have to be repaid.


Money that you borrow and that has to be repaid and with interest!


Means that you are enrolled in a Degree or Certificate program approved by New York State.  You must be matriculated to receive any Federal or State Financial Aid.

Consortium Agreement

This is a contract between two colleges/universities that recognizes the student's registration at each location for financial aid purposes.  It also certifies that only one of the two institutions can administer federal financial aid and/or state aid.

Registration vs Enrollment

There is a difference between registration and enrollment. The process of signing up for courses is called registering. Students are charged tuition and fees when they register. Students are enrolled after they pay the tuition and fees. Even students who do not owe money must confirm their enrollment by the deadline.





Office of Financial Aid

Utica Campus
Payne Hall 159A
Mohawk Valley Community College
1101 Sherman Drive
Utica, NY 13501
Tel:  (315) 792-5415
Fax (315) 731-5852

Rome Campus
Plumley Complex PC130
Mohawk Valley Community College
1101 Floyd Avenue
Rome, NY 13440
Tel: (315) 334-7709
Fax: (315) 334-7726