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financialaid.gwu.edu
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Definitions (62)
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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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aggregate federal stafford limit
The total lifetime amount you may borrow in the Federal Stafford Loan Programs. This includes loans
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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.
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