Northwest College

Glossary of Terms

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General Equivalency Diploma (GED)
The GED is equivalent to a High School Diploma, which is required to be accepted for admission into a degree-seeking program at Northwest College.

Grade point average.

Grace Period
A specified time period after a student leaves school or drops below half-time status during which he or she is not required to make payments on student-loan principal or interest. The grace period is six months for the Federal Stafford Loan.

Graduated Payments
A flexible rescheduling of loan payments that allows the borrower to make payments of different amounts (available through consolidation).

A form of financial aid which does not have to be repaid. Also known as gift aid.

Questions? Call or email us:

Northwest College
Financial Aid & Scholarships
307-754-6158 or 800-560-4692