scstudentloan.org

Website:https://scstudentloan.org/
Upvotes received0
Downvotes received0
Karma:0 (upvotes-downvotes)



0 earned Badges

No badges were found



Definitions (90)

1

0 Thumbs up   0 Thumbs down

1040 form


The Federal Income Tax Return. Every person who has received income during the previous year must file a form 1040 with the IRS by April 15.
Source: scstudentloan.org

2

0 Thumbs up   0 Thumbs down

1098t


( a tuition statement) A form used by eligible educational institutions to report  information about their students to the IRS   1099 Form
Source: scstudentloan.org

3

0 Thumbs up   0 Thumbs down

401


A popular type of retirement fund. It is legal to borrow money from your 401(k) to help pay for your childrens' education.
Source: scstudentloan.org

4

0 Thumbs up   0 Thumbs down

1098-e


As provided in the Taxpayer Relief Act of 1997, borrowers may be eligible to claim a deduction for interest paid on qualified student loans for educational expenses. Form1098-E (supplied to the studen [..]
Source: scstudentloan.org

5

0 Thumbs up   0 Thumbs down

academic year


                                                                                                                                                A period of time usually consisting of two semesters or [..]
Source: scstudentloan.org

6

0 Thumbs up   0 Thumbs down

accrued interest


Interest on loans that accumulates and must be paid at a later date, usually when the principal becomes due.
Source: scstudentloan.org

7

0 Thumbs up   0 Thumbs down

amortization


A schedule of repayment which includes payments consisting of both principal and interest.
Source: scstudentloan.org

8

0 Thumbs up   0 Thumbs down

assets


                                                                                                                                                       Cash on hand in checking and savings accounts; tr [..]
Source: scstudentloan.org

9

0 Thumbs up   0 Thumbs down

associate's degree


The degree granted by two-year colleges.
Source: scstudentloan.org

10

0 Thumbs up   0 Thumbs down

award letter


An official document issued by a school's financial aid office that lists all of the financial aid awarded to the student. This letter provides details on their analysis of your financial need an [..]
Source: scstudentloan.org


To view all 90 definitions, please sign in.