Tag: Glossary
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Glossary – Student Loan Industry Terms and Definitions
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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…