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Reauthorization: A congressional review process intended to refine authorized federal programs to ensure they continue to meet the needs of the populations they are intended to serve.

Regular Student: A person who is enrolled or accepted for enrollment at an institution of higher education for the purpose of obtaining a degree, certificate, or other recognized educational credential offered by the institution.

Renewal FAFSA: One type of FAFSA that resembles a SAR and bears the same questions as the FAFSA. The Renewal FAFSA is preprinted with the students prior year responses to certain data items that are likely to remain constant from year to year. The object of the renewal FAFSA is to make it faster and easier to complete than the original.

Repayment Schedule: A plan that should be provided to the borrower at the time he or she ceases at least half-time study. The plan should set forth the principal and interest due on each installment and the number of payments required to repay the loan in full. In addition, it should include the interest rate, the due date of the first payment, and the frequency of payments. Any lack of adherence to the repayment schedule on the part of the borrower should be immediately discussed with the loan servicing agency.

Reserve Officer Training Corps Scholarship Program: See ROTC Scholarship Program.

Residency Requirement: Criteria students must meet to be considered residents of a state or district; used in some cases to determine tuition charges.

Resources: Resources include, but are not limited to, any: (a) funds the student is entitled to receive from a Federal Pell Grant; (b) waiver of tuition and fees; grants, including FSEOG and ROTC subsistence allowances; (d) scholarships, including athletic and ROTC scholarships; (e) need-based fellowships or assistantships; (f) insurance programs for the students education; (g) long term loans made by the institution, including Federal Perkins and Direct Loans; (h) earnings from need-based employment; (i) veterans benefits; and (j) any portion of other long term loans, including Stafford (GSL) Loans, FPLUS, Direct PLUS, state-sponsored, or private loans, not used as a substitute for the EFC.

ROTC Scholarship Program: Competitive scholarship that pays for tuition, fees, books and a monthly living stipend and other benefits in exchange for participating in drills and classes during the academic year, military camp during the summer, and, upon graduation, full-time active duty in the military for at least four years.