financialaid.gwu.edu

Website:https://financialaid.gwu.edu/
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Definitions (62)

1

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outside resource


Outside resources are funds designated to be used for educational purposes and awarded to the student by offices or agencies other than the Office of Student Financial Assistance.
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academic year


GW’s Academic Year begins in the fall and ends at the end of the summer semester.
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adjusted gross income


A
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aggregate federal stafford limit


The total lifetime amount you may borrow in the Federal Stafford Loan Programs. This includes loans
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annual federal direct stafford limit


The maximum yearly amount you may borrow in the Federal Direct Stafford Loan
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auto-debit


Repayment of a loan by auto-debit occurs when the borrower sets up an agreement with the loan servicer to deduct monthly loan payments directly from the borrower’s bank account. Lenders may offer a sl [..]
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capitalization


A term used to describe a method of computing interest. To capitalize a loan means to add all interest that has accrued to the principal loan amount. Once a loan is capitalized, the new loan amount (b [..]
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certificate student


A student who will be awarded a certificate at the conclusion of their academic program.
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consolidation


The process of combining one or more loans into a single new loan.
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co-signer/co-borrower/endorser


An additional applicant added to a loan to meet creditworthiness guidelines, often a parent. A co-signer/co-borrower/endorser has the same legal responsibility on the loan as the primary borrower.
Source: financialaid.gwu.edu


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