Student Loans Terms
Student loan vocabulary is its own regulatory world: loan types, servicers, repayment plans, forgiveness programs, and the statuses a loan can pass through. Federal loans follow one set of rules and private loans another, and many terms only make sense once you know which side you’re on.
The system has been overhauled repeatedly in recent years — repayment plans have been created, closed, and replaced — so stale definitions are common and costly. These entries reflect the current rules and flag where the rules are still in transition.
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