The sum of the current due, late fees, and any prior amount past due.

The amount of interest that has not yet capitalized (been added to your principal balance).

Also called a private or private education loan, this nonfederal loan is issued through a bank or credit union. An alternative student loan may have a variable interest rate and require a credit check [..]

Total amount unpaid since your last bill (also called Past Due).

An award letter is a way to notify applicants of the financial aid being offered, including the type (grants, scholarships, loans, and other programs) and amount of aid. It also provides specific prog [..]

This individual is responsible for repaying a loan. The borrower has agreed to the loan's terms and conditions by signing the promissory note.

Also called the bursar's, student account, student aid, or comptroller's office, this office is usually responsible for the billing and collection of the school's charges.

The addition of unpaid accrued interest to the principal balance of a loan increases the outstanding principal amount due on the loan. Since interest accrues on the capitalized interest, it adds an ex [..]

Through consolidation, you can combine numerous student loans into a single loan with a new first disbursement date, repayment schedule, and interest rate.

The need for a co-signer varies by type of loan and lender. You may benefit from a creditworthy co-signer if you do not meet the minimum credit criteria. Having a co-signer may increase your chances t [..]