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

The annual amount it will cost you to attend Penn. The COA includes tuition and mandatory fees, room and board (or a housing and food allowance), an allowances for books and personal expenses. Contact [..]

Failure to repay a loan according to the terms agreed to in the promissory note. For most federal student loans, you will default if you have not made a payment in more than 270 days. You may experien [..]

A postponement of payment on a loan that is allowed under certain conditions and during which interest does not accrue on Direct Subsidized Loans, Subsidized Federal Stafford Loans, and Federal Perkin [..]

A loan is delinquent when loan payments are not received by the due dates. A loan remains delinquent until the borrower makes up the missed payment(s) through payment, deferment, or forbearance. If th [..]

the electronic transfer of a payment directly from the account of the payer to the recipient's account.

A loan made by the U.S. Department of Education to parents of dependent undergraduate students.  Students must file a FAFSA in order for their parents to borrow. See our Loans