Federal Student Loans
Across
- 6. Payments are temporarily suspended
- 7. Industry jargon that means that interest has been added to the principal balance.
- 10. Income Contingent Repayment
- 12. The interest accrues including while in-school, grace and deferment
- 14. The borrower’s loans became very delinquent and went back to the guarantor
- 16. Common Origination Disbursement
- 17. Monthly payment.
- 19. Social Security Number
- 20. It is not acceptable to utilize this except when on Break or Lunch away from your computer.
- 21. The maximum number of minutes a borrower may be placed on a hard hold.
- 22. Direct loans.
- 23. Federal Family Education Loan Program.
- 26. Revised Pay As You Earn
- 28. Missouri Higher Education Loan Authority
- 29. Electronic Funds Transfer
Down
- 1. Plan that has steps (levels) that increase approximately every 24 payments.
- 2. A call in which you will thank the individual for their Service and offer to transfer them to a VIP line.
- 3. Accrues on a daily balance; is either fixed or variable.
- 4. The agency who guarantees to pay for the borrower’s debt if he/she should default.
- 5. A process in which loans are combined together.
- 8. When a borrower is in this status we cannot ask for any payment or seek collections.
- 9. The interest does not accrue while in-school, grace or deferment
- 11. Payments are temporarily suspended-interest on subsidized loans will not need to be repaid by the borrower.
- 13. Plan that extends out a borrower’s terms thereby decreasing the monthly payment.
- 15. Loans taken out by mom or dad for the child
- 17. The very first option that you will explore when a borrower states they cannot afford their monthly payment.
- 18. Income Based Repayment
- 20. Same thing as saying ‘number.’
- 24. Federal Student Aid
- 25. Standard plan that every borrower automatically is placed on when entering back into repayment status.
- 27. Pay As You Earn