student loan
College financing burden
A student loan is money borrowed to pay for education, typically repaid after graduation.
Unlike most loans, student loans often defer payments while the borrower is enrolled in school.
In the United States, federal student loans carry different terms than private ones: She's still paying off her student loans ten years later.
Student loan debt has become a major financial burden for many graduates.
Giving back what's owed
- interestAttention, stake, or fee
- principalChief school administrator
- defaultPreset standard option
- borrowerOne who takes temporarily
lender · servicer · amortization · consolidation · forbearance · deferment · delinquency · grace period
Payment for instruction
- universityHigher education institution
- collegeHigher education institution
- enrollmentAct of registering officially
- undergraduateDegree-seeking college student
graduate · degree · textbook · campus · semester · fees · room and board · cost of attendance
Intensely excessive in force
- stressPressure, mental or vocal
- pressureForce upon contact
- hardshipSuffering from difficult circumstances
- struggleLabored effort against resistance
obligation · anxiety · weight · distress · constraint · default · crushing · inescapable
Time still to come
- careerLifelong occupational pursuit
- ROIProfit-to-cost ratio
- opportunityFavorable circumstance for advancement
- human capitalWorkers' skills and knowledge
earning potential · upward mobility · credential · job market · employability · career advancement · long-term · payoff
Federal aid application form
- Pell GrantFederal undergraduate financial assistance
- scholarshipEducational funding or erudition
- grantBestow or award money
- subsidizedOffset by external funding
need-based · merit-based · aid package · financial aid office · award letter · unmet need · bursary · tuition assistance
repayment
Giving back what's owed
borrower · lender · servicer · amortization · consolidation · forbearance · deferment · delinquency · grace period · promissory note
tuition
Payment for instruction
- universityHigher education institution
- collegeHigher education institution
- enrollmentAct of registering officially
undergraduate · graduate · degree · textbook · campus · semester · fees · room and board · cost of attendance · higher education
overwhelming
Intensely excessive in force
- stressPressure, mental or vocal
- pressureForce upon contact
- hardshipSuffering from difficult circumstances
struggle · obligation · anxiety · weight · distress · constraint · default · crushing · inescapable · monthly payment
future
Time still to come
- careerLifelong occupational pursuit
- ROIProfit-to-cost ratio
- opportunityFavorable circumstance for advancement
earning potential · human capital · upward mobility · credential · job market · employability · career advancement · long-term · payoff
FAFSA
Federal aid application form
- Pell GrantFederal undergraduate financial assistance
- scholarshipEducational funding or erudition
- grantBestow or award money
subsidized · need-based · merit-based · aid package · financial aid office · award letter · unmet need · bursary · tuition assistance
- debtscredit card debt, loans, medical debt, personal loans, payday loans
- school termsfreshman, sophomore, junior, senior, homework
- bills & debtsmortgage, credit card debt, medical debt, utility bills, rent arrears
- debt typescredit card debt, revolving credit, line of credit, credit line, promissory note
- financial agreementscredit agreement, promissory note, line of credit, credit line, HELOC
- expensesexpenses, expense, expenditure, cost, costs
student loanscholarship
Educational funding or erudition
grant · fellowship · merit scholarship · free tuition · bursary
student loanclean slate
Record wiped clear
student loan forgiveness · loan forgiveness · debt freedom · loan repayment · financial freedom
study, student, studied, loan, studio, studying, students, studies, studious