income – n. money that is earned from work, investments or business
institutional aid – n. money that a college or university gives to a student to help them pay the cost of attending that school
standardized test – n. a test where all test-takers take the same test under the same or reasonably equal conditions
grade – n. a number or letter that indicates how a student performed in a class or on a test
prestigious – adj. respected and admired for being successful or important
evaluate – v. to judge the value or condition of someone or something in a careful and thoughtful way
resident(s) – n. someone who lives in a particular place
grant(s) – n. an amount of money that is given to someone by a government or company to be used for a particular purpose
bachelor’s degree – n. a degree that is given to a student by a college or university usually after four years of study
focus – n. a main purpose or interest
scholarship – n. an amount of money that is given by a school or organization to a student to help pay for the student's education
cycle – n. a set of events or actions that happen again and again in the same order
affluent – adj. having a large amount of money and owning many expensive things
funding – n. an amount of money that is used for a special purpose