basic Student loans
Across
- 3. originally were disbursed as FFELP loans and serviced the same as other federal loans
- 4. is the amount of money borrowed by the student
- 9. The borrower is responsible for paying all interest to the lender from the moment the loan is originated until it is paid in full.
- 10. must be completed by a student/parent once they take out a Direct Loan for the first time
- 12. of a loan is the day the borrower’s payment is due on each month
- 14. Federal government pays the interest on the loan during in-school status, grace, and deferment.
- 16. electronic system Nelnet uses to store documents for borrowers
- 17. refers to the process of paying back a student loan on a fixed payment schedule
- 20. is available to an eligible parent of a dependent undergraduate student attending a participating post-secondary school.
- 21. are loans taken out through the student’s school direct
- 22. For Customers willing but unable to make payments and who do not qualify for a deferments.
Down
- 1. is operated by the U.S. Department of Housing and Urban Development (HUD) and is used to determine if a loan applicant has any federal debt that is currently in default or foreclosure or has had a claim paid by the reporting agency within the last three years.
- 2. is what happens when any/all outstanding interest is added to the principal balance
- 5. A _____ is the release of loan funds to the school
- 6. After the student leaves school or drops to less than half-time enrollment
- 7. Loans became available to graduate student in 2006
- 8. the number of months the student borrower has to pay off the loan balance
- 11. are for students taking classes to prepare for a career in teaching
- 13. is experiencing financial hardship, goes back to school, is unemployed, or is on active duty military service, postponing payments with a deferment may be the right option for the customer
- 15. are available to customers who want to combine their outstanding education loans into a single loan with a single monthly payment
- 18. program loans were for eligible graduate students in schools of medicine, osteopathy, dentistry, veterinary medicine, optometry, podiatry, public health, pharmacy, chiropractic, health administration, or clinical psychology.
- 19. is the income earned by the lender for loaning the money to the student