Finance and Expenses: English Vocabulary List

the money that is paid to a professional or an organization for their services

"The membership fee is fifty dollars."

"The university charges a high tuition fee each semester plus additional fees for laboratory courses."

an amount of money that one pays to receive an education, particularly in a university or college

"We paid the tuition."

"The rising cost of tuition makes higher education increasingly inaccessible for many families."

the total estimated expenses a student can expect to incur while attending an educational institution

"The cost of attendance includes tuition"

"The cost of attendance includes tuition fees and housing and students use this figure to calculate financial aid needs."

a loan taken out by a student to help pay for educational expenses, usually with the requirement to repay the borrowed amount with interest after completing their studies

"The student loan accrues interest after graduation."

"The student loan accrues interest after graduation and repayment begins six months after leaving school."

financial support provided to help cover the cost of tuition for education or training

"Tuition assistance helps students afford college."

"Tuition assistance covers half the cost and the employer pays the remaining portion for eligible employees."

a financial grant or scholarship typically awarded to support a student's education

"She received a university bursary."

"A bursary is a non-repayable financial grant awarded to a student based primarily on financial need rather than on academic achievement or merit."

money or property donated to an institution, the income from which is used for its support

"The university has a large endowment that funds many scholarships every year."

"A financial endowment is a permanently invested fund where the principal is kept intact and the investment income is used for ongoing operational support."

an amount of money given by the government or another organization for a specific purpose

"The grant helped."

"The scientist received a research grant from the National Science Foundation to study the effects of climate change on coral reefs."

a government-funded certificate that parents can use to pay for tuition at a private or charter school

"The school voucher allows parents to choose private schools."

"The school voucher allows parents to choose private schools and the government pays a portion of the tuition."

the act of supporting or financing an individual, group, event, or activity, typically in exchange for advertising, promotion, or recognition

"The team's new sponsorship deal with the airline is worth millions."

"A fiscal sponsorship is a partnership where a non-exempt project can receive grants using the tax-exempt status of a separate"

a sum of money given by an educational institution to someone with great ability in order to financially support their education

"She got a scholarship."

"He was awarded a prestigious scholarship for his outstanding academic achievements."

a financial award or grant provided to support research, study, or professional development, often in academia or a specific field of study

"The fellowship provides a stipend and tuition waiver."

"The fellowship provides a stipend and tuition waiver and the student is not required to work as a teaching assistant."

a federal financial aid program in the United States that assists eligible undergraduate students with financial need in covering college expenses

"The Pell Grant is for low-income undergraduate students."

"The Pell Grant is for low income undergraduate students and does not have to be repaid after graduation."

a United States government initiative that provides part-time employment opportunities for eligible college students to help finance their education

"The Federal Work-Study Program helps students."

"Through the Federal Work-Study Program, I found a part-time job that helped me pay for my college tuition."

a program in the United States that forgives remaining student loan balances after 120 qualifying payments for individuals working full-time in public service jobs

"PSLF forgives loans after ten years of public service."

"PSLF forgives loans after ten years of public service and borrowers must make qualifying payments while working for a government or nonprofit employer."