Tag: Glossary

  • Glossary – Student Loan Industry Terms and Definitions

    Adjusted Gross Income (AGI)  -Your or your family’s wages, salaries, interest, dividends, etc., minus certain deductions from income as reported on a federal income tax return. Commonly referred to as AGI.  Borrower Defense to Repayment: A federal student loan discharge program that cancels the debt of borrowers who were defrauded by their colleges.  Cancellation: The…