Federal Student Loans

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Across
  1. 2. The very first option that you will explore when a borrower states they cannot afford their monthly payment.
  2. 6. The maximum number of minutes a borrower may be placed on a hard hold.
  3. 8. It is not acceptable to utilize this except when on Break or Lunch away from your computer.
  4. 10. Payments are temporarily suspended-interest on subsidized loans will not need to be repaid by the borrower.
  5. 12. Direct loans.
  6. 13. When a borrower is in this status we cannot ask for any payment or seek collections.
  7. 14. Missouri Higher Education Loan Authority
  8. 15. Industry jargon that means that interest has been added to the principal balance.
  9. 17. The interest does not accrue while in-school, grace or deferment
  10. 19. Standard plan that every borrower automatically is placed on when entering back into repayment status.
  11. 20. Electronic Funds Transfer
Down
  1. 1. Plan that has steps (levels) that increase approximately every 24 months.
  2. 3. The agency who guarantees to pay for the borrower’s debt if he/she should default.
  3. 4. Plan that extends out a borrower’s terms thereby decreasing the monthly payment.
  4. 5. Payments are temporarily suspended
  5. 7. Monthly payment.
  6. 9. The interest accrues including while in-school, grace and deferment
  7. 11. Federal Family Education Loan Program.
  8. 16. Loans taken out by mom or dad for the child
  9. 18. Accrues on a daily balance; is either fixed or variable.