Accrued InterestAggregate Loan LimitAlternative LoanAmortizationAnnual Percentage Rate (APR)APRAssetsAward LetterBorrowerBorrower BenefitsCapitalized InterestCo-borrowerCo-signerCohortCompound Interes [..]

Interest that is added periodically to a loan’s principal.

The total, combined amount you may borrow under a given loan program.

See Private Loan

The process by which a loan amount decreases over a given time period based upon payments applied.

A finance charge on a loan expressed as an annual rate. Disclosure of a loan’s APR by a bank or lender is required in the U.S. and is meant to serve as a form of consumer protection. A borrower can co [..]

See Annual Percentage Rate (APR)

For federal financial aid purposes, assets are things such as cash, savings and checking accounts, as well as investments including stocks, bonds and real estate (other than the home you live in or a [..]

Subsequent to applying for financial aid using the FAFSA and being offered admission to a college or university, the school’s financial aid office will issue a letter electronically or in writing list [..]

An individual responsible for the repayment of a debt obligation/loan. In most cases a borrower has entered into a legally binding agreement to repay by signing a document affirming a promise to repay [..]