Free Application for Federal Student Aid
FAFSA pin which can be obtained at www.pin.ed.gov
Fees charged when you make certain types of transactions. Transaction fees are typically assessed on cash advances and cash-like transactions, such as money orders, wire transfers, and casino gaming chips.
Prime means “best,” and this rate is what banks charge their best commercial customers for loans. The prime changes often, is reported daily in The Wall Street Journal, and is used as a reference point for many businesses. For instance, the prime rate is used by some financial institutions to set the APR for credit cards.
(London Interbank Offered Rates)Five major London banks determine these fixed rates daily for specific maturities. What does this mean to you? LIBOR may be used by some banks instead of the Prime Rate to set APRs.
The maximum you can charge on your credit card account. When you receive a new credit card, you’re usually issued a set credit line. Under some circumstances, your card issuer may increase or decrease it.
Nonprofit helping people get out of debt. CCCS counselors can advise you on how to develop a budget you can live with and can be invaluable in helping you negotiate repayment plans with your creditors. This service is confidential. To reach the CCCS, call 1-800-388-2227.
The length of time between billing statements. Between 27 and 33 days.
Legally declared unable to pay your debts as they become due. Remains on a person’s credit report for at least 10 years and, in some cases, indefinitely. “Last Resort”