Open Admission		An admission policy allowing virtually all applicants to enroll.
Origination Fees		A predetermined percentage (may not exceed 3%) of a student loan that the lending institution withholds, on behalf of the federal government, to offset the administrative costs of the student loan program. For private/alternative loan programs, the origination fee is generally paid to the originator of the loan to cover the cost of administering and insuring the program.
Origination		The process whereby the lender, or a servicing agent on behalf of the lender, handles the initial application processing and disbursement of loan proceeds.
Overaward		The amount of loan proceeds that, when added to other student financial assistance, exceeds the borrower's financial need as determined by the "needs analysis".