We will be closing at 12pm on Friday, April 7th to celebrate Good Friday.
Normal hours will resume on Monday 4/10, thank you!
Deferment – The ability to postpone payment of a loan for a period of time
Direct Loan – Loans made by the U.S. Department of Education
FAFSA – The U.S. Department of Education’s Free Application for Federal Student Aid
Interest – A loan expense charged to a borrower for the use of borrowed money
Fixed Interest Rate – A loan expense charged to a borrower that does not change over time
Variable Interest Rate – A loan expense charged to a borrower that can change over time
Grant – A form of financial aid or monetary assistance that does not have to be repaid and is usually based on need.
Perkins Loans – Loans awarded to undergraduate and graduate students with exceptional financial need.
PLUS Loans (Parent Loan for Undergraduate Students) – Low-interest federally backed loans that parents can take out on behalf of their undergraduate children
Scholarship – These are monetary awards that do not have to be repaid
Stafford Loans – Fixed-rate, federally-backed loans available to undergraduate and graduate students
Subsidized Stafford Loan – A fixed-rate, federally-backed loan available to undergraduate and graduate students where no interest accrues while the student is enrolled
Unsubsidized Stafford Loan – A fixed-rate, federally-backed loan available to undergraduate and graduate students where interest accrues while the student is enrolled
Federal
Private
Home Equity Loan
Scholarships
Grants
Community or Junior College