Electives: Courses that students may "elect," or choose, to take for credit toward their intended degree, as distinguished from courses that they are required to take.

ERAS: Electronic Residency Application System for obtaining a residency position in the field of medicine in the United States.

Faculty: The members of the teaching staff, and occasionally the administrative staff, of an educational institution. The faculty is responsible for designing the plans of study offered by the institution.

Fees: An amount charged by schools, in addition to tuition, to cover costs of institutional services.

Fellowship: A study grant of financial assistance usually awarded to a graduate student. Generally, no service is required of the student in return.

Final exam: A cumulative exam, taken at the end of a term, encompassing all material covered in a particular course.

Financial assistance: A general term that includes all types of money, loans, and part-time jobs offered to a student.

Flunk: To fail an examination or a course.