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Loans made, insured, or guaranteed under any program authorized by the Higher Education Act. Loan funds are used by the borrower for education purposes.
- Browse Related Terms: Closed-End Loan, Collateral, Debit balance, Guaranteed Student Loan, Lienholder, Loan, Loan Contract, Loan Fee, Loan Modification Provision, Loan proceeds, Loan-to-value ratio (LTV), Payday Loans, PITI, Rehypothecation, Secured Loan, Student Loan, Terms
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