Like any other group, colleges have a lot of specialized words, and if you don't know what they mean, you might get in trouble. I ran into this vocabulary list, and it's a good one. Some of the items on the list do not apply to us (for example "recitation/precept"), but many of these words are used at Ashland.
Don't be offended that it's a list from an LD resource; the material here is good general material. I am also impressed with the material in her "College Students" drop-down menu. Look it over. Here's the list: