Relacionar Columnas Loan TermsVersión en línea Match the loan related terms with their definitions. por Stephanie Klocke 1 Forbearance 2 Grace Period 3 Delinquent 4 Deferment 5 Federal Loans 6 Principal 7 Interest 8 Private Loans 9 Lender 10 Borrower 11 Default An account where payment(s) are severely overdue, triggering severe consequences Individual or institution providing funding that must be paid back A set period of time after graduation, leaving school, or switching to part time status before repayment begins An account where payment(s) are one or more days past due Financial agreements made and funded by banks or financial companies, often based on criteria such as credit score and income Amount of money borrowed A period when loan payments are suspended or reduced; interest continues to accrue A period when loan payments are suspended or reduced; interest may not accrue depending on eligibility Financial agreements made and funded by the government, based on eligibility criteria such as financial need Percentage of balance, calculated monthly, charged to the borrower Individual requesting or receiving a loan
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