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Student Loan Choices :: Glossary
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Word Description
FDSLP Federal Direct Student Loan Program
FFELP The Federal Family Education Loan Programs formerly known as the GSL-Guaranteed Student Loan Programs.
Forbearance The approved temporary suspension of loan payments, due to a financial hardship, during which interest continues to accrue.
Free Application for Federal Student Aid (FAFSA) The application students must first complete in order to apply for virtually all forms of financial aid assistance.