TERMINOLOGY PUZZLE
Across
- 7. Entity who is actively collecting payments, keeping records, accounting the loans, and corresponding with borrowers about details and options
- 10. The date the loan will be paid in full (2 words)
- 11. The binding legal document a student signs for the loan (3 words)
- 12. Federal loan taken out by the parent for their child (the student)(2 words)
Down
- 1. Several student loans combined into one loan (2 words
- 2. Entity who actually lent the borrower the loan
- 3. Collection procedures (letters, calls, emails) used when borrowers are delinquent (2 words)
- 4. How long the borrower has to pay back the loan
- 5. Federal loan taken out specifically for a graduate student(2 words)
- 6. Outstanding interest is added to the principal balance of the loan
- 8. Entity who acts as the insurer of the loan
- 9. Borrower’s account number