Capitalized Interest

Terminology Flash Cards 1-Paying For College

Flashcard
•
Mathematics
•
12th Grade
•
Medium
Rochelle White
Used 1+ times
FREE Resource
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42 questions
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1.
FLASHCARD QUESTION
Front
Back
Unpaid interest that has been added to the principal balance of a loan
2.
FLASHCARD QUESTION
Front
Cosigner
Back
Someone who legally agrees to take responsibility for a person's debt if they cannot repay it
3.
FLASHCARD QUESTION
Front
Cost Of Attendance
Back
Total expense of going to college which may include tuition, room and board, fees, books and supplies, transportation, health insurance, etc. Also known as Sticker Price or a school's published price.
4.
FLASHCARD QUESTION
Front
Default
Back
Long-term failure to repay a loan according to the terms agreed to, which has a substantial negative impact on the borrower's credit score
5.
FLASHCARD QUESTION
Front
Deferment
Back
A process that allows a borrower to pause their federal student loan payments; interest does NOT accrue during this time period on subsidized loans
6.
FLASHCARD QUESTION
Front
Delinquency
Back
Describes the status of being behind on one or more loan payments
7.
FLASHCARD QUESTION
Front
Direct Plus Loans
Back
A federal loan available to graduate or professional students and eligible parents of dependent undergraduate students to help pay for the cost of the student's education at participating schools
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