The annual rate being charged for borrowing or that was earned through an investment..
Interest is the charge for the privilege of borrowing money
there is a forgiveness loan only under certain circumstances such as death to the person or complete disability.
one-time charges to originate or guarantee a loan, expressed as a percentage of the loan balance.
the practice of adding unpaid interest charges to the principal balance of an education loan, thereby increasing the size and cost of the loan.
the full amount borrowed.
A loan that combines one or more eligible federal educational loans into a single new loan.
A binding legal document you sign when you get a student loan.
the failure to repay your loan according to the terms.
The government pays the interest on subsidized loans while the student is in school, during the six-month grace period and during any deferment periods. Subsidized loans are awarded based on demonstrated financial need.
A postponement of payment on a federal loan that is allowed under certain conditions and during which the government pays the interest on any subsidized loans.
A loan for which the government doesn't pay the interest.
A time period which your monthly loan payments are temporally suspended or reduced.