Delinquent
Delinquency status indicates that borrowers’ accounts have become past due on payment. This occurs when borrowers’ loan payments are not received by the due dates. Accounts remain delinquent until borrowers bring their accounts current with payments, deferments, or forbearance. If borrowers’ accounts have become delinquent and the borrowers are unable to make payments, deferments or forbearance should be considered.
Dependent student(dependent undergraduate student)
A student who does not meet any of the criteria for an independent student. An independent student is at least 24 years old, married, a graduate or professional student, a veteran, a member of the armed forces, an orphan, a ward of the court, or someone with legal dependents other than a spouse.
Direct Loan Servicing Center
The U.S. Department of Education's agent contracted to collect Direct Loans and handle deferments, forbearances, and repayment options
Direct PLUS Loan (PLUS Loan)
Direct PLUS Loans are unsubsidized loans available to parents of dependent students, and to students enrolled in graduate or professional programs. These loans are available regardless of financial need and the amount of eligibility depends on the total cost of education.
Disbursement
Payment of loan proceeds by the lender. During consolidation, this term refers to sending payoffs to the loan holders of the underlying loans being consolidated.
Disclosure Statement
A statement showing a borrower's loan term, payment schedules and monthly payment amount for their loans.
Delinquency status indicates that borrowers’ accounts have become past due on payment. This occurs when borrowers’ loan payments are not received by the due dates. Accounts remain delinquent until borrowers bring their accounts current with payments, deferments, or forbearance. If borrowers’ accounts have become delinquent and the borrowers are unable to make payments, deferments or forbearance should be considered.
Dependent student(dependent undergraduate student)
A student who does not meet any of the criteria for an independent student. An independent student is at least 24 years old, married, a graduate or professional student, a veteran, a member of the armed forces, an orphan, a ward of the court, or someone with legal dependents other than a spouse.
Direct Loan Servicing Center
The U.S. Department of Education's agent contracted to collect Direct Loans and handle deferments, forbearances, and repayment options
Direct PLUS Loan (PLUS Loan)
Direct PLUS Loans are unsubsidized loans available to parents of dependent students, and to students enrolled in graduate or professional programs. These loans are available regardless of financial need and the amount of eligibility depends on the total cost of education.
Disbursement
Payment of loan proceeds by the lender. During consolidation, this term refers to sending payoffs to the loan holders of the underlying loans being consolidated.
Disclosure Statement
A statement showing a borrower's loan term, payment schedules and monthly payment amount for their loans.
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