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Student Loan Choices :: Glossary
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Word Description
Grace Period The period after a student either graduates or leaves school and before loan payments must begin.
Graduate Student A postsecondary student who possesses a bachelor's degree and is pursuing additional postsecondary education.
Grants Financial aid that does not have to be repaid; aid usually awarded to students based on financial need.
Guarantor The agency or institution that insures the loan against loss to lenders in the event of default.