Outside resources are funds designated to be used for educational purposes and awarded to the student by offices or agencies other than the Office of Student Financial Assistance.

GW’s Academic Year begins in the fall and ends at the end of the summer semester.

A

Repayment of a loan by auto-debit occurs when the borrower sets up an agreement with the loan servicer to deduct monthly loan payments directly from the borrower’s bank account. Lenders may offer a sl [..]

A term used to describe a method of computing interest. To capitalize a loan means to add all interest that has accrued to the principal loan amount. Once a loan is capitalized, the new loan amount (b [..]

The process of combining one or more loans into a single new loan.

A budget constructed to approximate the expenses which a student will incur that are directly related to enrollment.

Your credit score is a number based on the information in your credit file that shows how likely you may be to pay a loan back on time — the higher your score, the less risk you represent.

An application distributed by the College Board required for new undergraduate students to apply for financial aid.

Failure to repay a loan according to the terms agreed to in the promissory note which could result in legal consequences.