Ip – In Progress:

An IP grade means that the student has not completed all the portions of a multi-portioned class that is taken over multiple semesters to earn the regular grade. The IP would be changed to regular grade once all the portions are completed.

NC or NIC- Not Complete or Incomplete:

This grade indicates that the student has missed some exams, assignments or homework that are important to evaluate performance.

W – Withdrawn:

This grade indicates that the student has decided not to enroll for the course after attending the classes for more than a predetermined period.

3.3.5. Cost of tuition in American universities

The cost of attending an American university varies widely by institution, from approximately $4,000 to nearly $30,000 per year for tuition (course fees), room, and board (meals). Public colleges and universities have lower (in-state) tuition rates for students who are residents of that state, while students who are residents of other states or countries pay higher (out-of-state) tuition rates. Private colleges and universities in America generally have higher tuition rates than public schools, but they charge the same tuition for in-state and out-of-state students.

You must also consider the cost of books, living expenses, travel, and health insurance.

Health insurance can be a major expense, although some universities have their own health plans.

Before enrolling at an American college or university, you will be required to show proof of financial support. For most universities, this means having enough money to pay for all of the above expenses for one full year.

3.3.6. Scholarships and financial aid for students

Financial aid is often given based on need, allowing those who could not otherwise afford an education to enroll in college. However, several types of financial aid (grants, scholarships, loans) are not based on need. These kinds of aid allow students who don’t qualify for need-based assistance to receive financial aid for college.

An education loan is a form of financial aid that must be repaid, with interest. Education loans come in three major categories: student loans (e.g., Stafford and Perkins loans), parent loans (e.g., PLUS loans) and private student loans (also called alternative student loans). A fourth type of education loan, the consolidation loan, allows the borrower to lump all of their loans into one loan for simplified payment. A recent innovation is peer-to-peer education loans.

Undergraduate scholarships and graduate fellowshipsare forms of aid that help students pay for their education. Unlike student loans, scholarships and fellowships do not have to be repaid. Hundreds of thousands of scholarships and fellowships from several thousand sponsors are awarded each year.

Generally, scholarships and fellowships are reserved for students with special qualifications, such as academic, athletic or artistic talent. Awards are also available for students who are interested in particular fields of study, who are members of underrepresented groups, who live in certain areas of the country or who demonstrate financial need.

An education grant is an agreement that provides funds to an educational institution or other nonprofit organization in order to capture student interest and/or improve student performance in science, mathematics, technology or related fields.