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Getting an education is the best investment you can make. Are you dreaming about prestigious college and don’t have enough money? Your education dreams can come true. Learn useful information about college funding. Student loans can provide a variety of determent options and extended repayment terms. Consider the given material and make your study as easy as possible.

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• Academic Year - A one-year period between July 1 and June 30.

• Accrued Interest - The additional amount of money you have to repay on a loan, on top of the original principal.

• Amortization - The gradual reduction of loan debt, due to periodic payments of both principal and interest.

• Assets - Used when calculating the Expected Family Contribution (EFC), and includes: income, checking and savings accounts, stocks, bonds, trusts, real estate (doesn't include a person's home), and material goods owned.

• Award Letter - A notice from a financial aid office to a financial aid applicant that specifies the financial aid programs and dollar amount of a each financial aid award.

• Borrower Benefits - A list of reasons and advantages why an individual would be interested in a student loan product.

• Co-borrower/Co-signer - An individual who signs off on the promissory note and can also be liable for a loan's obligation if the primary borrower fails to make payment.

• Consolidation - Process that allows a borrower to combine a number of existing loans into one loan. Usually borrowers consolidate their loans in order to lower monthly payments.

• Cost Less Aid Amount - The difference between the total cost of education and the financial aid package offered to you by the school, including scholarships, grants, work study and Stafford Loans. Cost Less Aid Amount is what you are expected to pay out of pocket or through supplemental loan programs.

• Cost of Attendance (COA) - The total of all costs a financial aid office estimates students will incur during attendance at the college or university.

• Credit Rating - A numerical score based on credit limits, balances, and personal information assigned by credit bureaus and credit reporting agencies to determine an individual's ability to pay back loans and credit cards.

• CSS Profile - An application from the College Scholarship Service (CSS) that's used by some private colleges and universities to determine eligibility for non-federal loans.

• Cumulative Debt Limit - The total loan amount distributed to a borrower throughout the student's academic career. This kind of amount must not exceed the loan limit of the participating loan program.