A state funded award for qualified low income students who are Nevada residents to help them continue their education. The origination fee is an upfront charge deducted from the loan to pay part of the loan's administrative costs. Parents may borrow up to the full cost of their children's education, less the amount of any other financial aid received. In some federal aid programs the FAA can override the amount of aid granted when extenuating circumstances exist. Principal Principal is the amount of money borrowed under the loan.
Interest is charged as a percentage of the principal.
The binding legal document you sign when you get a student loan. It lists the conditions under which you're borrowing and the terms under which you agree to pay back the loan. It will include information about your interest rate and about deferment and cancellation provisions. It's very important to read and save this document because you'll need to refer to it later when you begin repaying your loan. Regular Student One who is enrolled in an institution to obtain a degree or certificate.