Nursing Degree Requirements

Understanding student loans requires learning a new vocabulary, sprinkled with acronyms such as FAFSA, EFC and SAR.

Here's a primer on some of the terms students and parents encounter: ion loans loan: requires See learning federal a loans. new Cost vocabulary of spr attendance: Fi

Bankruptcy: Student loan debt is harder to discharge in bankruptcy court than other consumer debt. For federal and private student loans, borrowers must prove "undue hardship."

Cancellation of loan: Cancellation releases the borrower from any requirement to repay all or part the loan. A federal student loan can be cancel ed: or forgiven: if the borrower takes certain jobs, such as nursing. The exact circumstances vary by type of loan. ircumstances lossary vary of by financial-aid type terms of Understanding loan. student Consolidat