Deneene Merchant
Navigating the world of student loans can be a bit daunting, especially when you graduate and don't have someone who can help you understand the financial aid terms used to describe your loans.
This list compiles 19 key financial aid terms that will help you navigate the post-college loan repayment phase of your life.
College is expensive.
It’s no secret that the cost of a university education has been on the rise in recent years, and many families and students struggle to afford four years of college. Since 1980, tuition costs have shot up at twice the rate of inflation. A family earning an average income used to be able to cover a year’s tuition with just 13 week’s of work; today, it costs about a year’s salary to pay for just one year of college.
