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An acceptable rate of student academic course completion using qualitative and quantitative measures.

Full need means that we meet 100% of your family's demonstrated need through scholarships, grants, and student employment.

A situation that can occur in loan repayment if the fixed repayment amount is less than the interest accruing each month.

The amount of money that can be borrowed from a loan program during one academic year.

A federal loan that combines several types of federal student loans into one loan with one monthly payment.

A loan repayment plan with lower payments at first, increasing about every two years.

The amount an undergraduate student can reasonably be expected to save from working over the summer.

A rate that reflects the total cost of borrowing money over the life of the loan, considering not only the interest rate but also the effect of other loan fees.

The Massachusetts Employee’s Withholding Exemption Certificate, which allows employees to exempt themselves from having Massachusetts state tax withheld from their paychecks based on certain criteria.

The amount that was scheduled to be paid in previous month(s), but was not. The past-due amount may also be called the delinquent or default amount.

Flexible expenses are costs that are easily changed, reduced, or eliminated. Spending money on entertainment and clothing are flexible expenses. Even expenses that must be incurred, like groceries, are considered