by Student Loan Attorneys | Nov 4, 2012 | Glossary, Student Loans
PLUS Loan Direct PLUS Loans are student loans for eligible graduate or professional students and eligible parents of dependent undergraduate students to help pay for the cost of the student’s education at participating schools.* Includes Direct PLUS Loans (made...
by Student Loan Attorneys | Nov 4, 2012 | Glossary, Student Loans
Partial Financial Hardship A circumstance in which the annual amount due on all eligible student loans at the time you enter repayment as calculated under the 10-year Standard Repayment Plan exceeds 15% of the difference between your Adjusted Gross Income and...
by Student Loan Attorneys | Nov 4, 2012 | Glossary, Student Loans
On-time Payment made within 15 days of the scheduled due date.
by Student Loan Attorneys | Nov 4, 2012 | Glossary, Student Loans
Student Loan Forgiveness The cancellation of a loan debt under various loan forgiveness programs.
by Student Loan Attorneys | Nov 4, 2012 | Glossary, Student Loans
Student Loan Discharge (Cancellation) The forgiveness of a loan debt under certain circumstances.
