Financial Aid Glossary
The most comprehensive glossary of paying for college, student loan and college finance planning terms
List of Services
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10-Year Treasury Note
10-Year Treasury Note
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529 College Savings Plan Account
529 College Savings Plan Account
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Accrued Interest
Accrued Interest
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ACH
ACH
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After Graduation
After Graduation
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Aggregate Loan Limit
Aggregate Loan Limit
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Amortization
Amortization
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Amount Borrowed
Amount Borrowed
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Annual Loan Limit
Annual Loan Limit
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Annual Percentage Rate (APR)
Annual Percentage Rate (APR)
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Authorized User
Authorized User
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Award Letter or Aid Offer
Award Letter or Aid Offer
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Balloon Payment
Balloon Payment
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Bankruptcy
Bankruptcy
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Base Rate
Base Rate
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Borrower
Borrower
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Budget
Budget
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Cancellation
Cancellation
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Capitalization
Capitalization
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Cash
Cash
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Cash-out Refinance
Cash-out Refinance
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Citizenship
Citizenship
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Closing Costs
Closing Costs
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Co-Borrower
Co-Borrower
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Co-Signer
Co-Signer
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Co-Signer Release
Co-Signer Release
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Compounding Interest
Compounding Interest
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Consolidation Loan
Consolidation Loan
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Cost of Attendance
Cost of Attendance
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Coverdell Education Savings Account (ESA)
Coverdell Education Savings Account (ESA)
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Credit Bureau
Credit Bureau
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Credit Card
Credit Card
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Credit Check or Credit Pull
Credit Check or Credit Pull
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Credit History
Credit History
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Credit Limit
Credit Limit
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Credit Report
Credit Report
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Credit Score
Credit Score
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Credit Strength
Credit Strength
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Creditworthy
Creditworthy
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CSS Profile
CSS Profile
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Debt-to-Income (DTI)
Debt-to-Income (DTI)
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Default
Default
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Deferment
Deferment
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Delinquent
Delinquent
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Demand Note
Demand Note
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Dependent Student
Dependent Student
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Direct Costs
Direct Costs
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Direct Deposit
Direct Deposit
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Direct Loan
Direct Loan
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Direct Student Loan
Direct Student Loan
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Direct Subsidized Loan
Direct Subsidized Loan
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Direct Unsubsidized Loan
Direct Unsubsidized Loan
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Disability
Disability
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Disbursement
Disbursement
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Discharge
Discharge
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Disclosures
Disclosures
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Draw Period
Draw Period
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Due Diligence
Due Diligence
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E-Signature
E-Signature
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Emergency Fund
Emergency Fund
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Endorser
Endorser
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Enrollment Status
Enrollment Status
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Estimates
Estimates
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Expected Family Contribution
Expected Family Contribution
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Expected Graduation Date
Expected Graduation Date
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FAFSA (Free Application for Federal Student Aid)
FAFSA (Free Application for Federal Student Aid)
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Federal Repayment Plans
Federal Repayment Plans
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Federal Reserve
Federal Reserve
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FICO Score
FICO Score
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Financial Aid
Financial Aid
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Financial Need
Financial Need
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Financing Charge
Financing Charge
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Fixed Interest Rate
Fixed Interest Rate
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Forbearance
Forbearance
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Forgiveness
Forgiveness
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FSA ID
FSA ID
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Funding Gap
Funding Gap
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Gift Aid
Gift Aid
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Grace Period
Grace Period
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HELOC
HELOC
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Holder
Holder
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Home Equity
Home Equity
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Home Equity Loan
Home Equity Loan
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In-School
In-School
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Independent Student
Independent Student
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Indirect Costs
Indirect Costs
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Insolvency
Insolvency
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Installment Loan
Installment Loan
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Interest
Interest
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Interest Rate
Interest Rate
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Interest-Only Payment
Interest-Only Payment
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Lender
Lender
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LIBOR
LIBOR
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Line of Credit
Line of Credit
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Loan
Loan
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Loan Fee
Loan Fee
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Loan-to-value (LTV)
Loan-to-value (LTV)
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Merit Aid
Merit Aid
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Minimum Payment
Minimum Payment
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Need-Based Aid
Need-Based Aid
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Need-blind Admission
Need-blind Admission
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Net Price
Net Price
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Net Price Calculator (NPC)
Net Price Calculator (NPC)
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No Co-signer
No Co-signer
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NSLDS
NSLDS
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Parent
Parent
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Parent PLUS Loan
Parent PLUS Loan
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Pell Grant
Pell Grant
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Personally Identifiable Information (PII)
Personally Identifiable Information (PII)
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Post-Grad
Post-Grad
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Pre-Approval
Pre-Approval
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Prepayment Penalty
Prepayment Penalty
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Prime Rate
Prime Rate
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Principal
Principal
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Private Parent Loan
Private Parent Loan
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Private Student Loan
Private Student Loan
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Promissory Note
Promissory Note
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Real Costs
Real Costs
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Refinance Loan (Refi Loan)
Refinance Loan (Refi Loan)
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Repayment History
Repayment History
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Repayment Schedule
Repayment Schedule
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Retirement Accounts
Retirement Accounts
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Satisfactory Academic Progress
Satisfactory Academic Progress
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Savings
Savings
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Scholarships
Scholarships
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Self-Help
Self-Help
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Servicer (Loan Servicer)
Servicer (Loan Servicer)
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Services
Services
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Simple Interest
Simple Interest
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Stafford Loan
Stafford Loan
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Sticker Price
Sticker Price
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Student Aid Report (SAR)
Student Aid Report (SAR)
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Subsidized Loan
Subsidized Loan
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Tuition Discounting
Tuition Discounting
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Tuition Payment Plan
Tuition Payment Plan
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Unmet Need
Unmet Need
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Unsubsidized Loan
Unsubsidized Loan
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Usage Data
Usage Data
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Variable Interest Rate
Variable Interest Rate
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Verification
Verification
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Work-Study
Work-Study
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