A
B
C D
E F
G H
I J
K L
M N
O P
Q R
S T
U V
W X
Y Z |
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| D |
| Debt
Management Counseling |
Counseling
provided to a student about debt
and accumulated indebtedness. |
 |
| Debt
to Income Ratio Calculation |
This
calculation is used in the applicant's
credit review and compares a person's
outstanding debt payments to his/her
income. |
|
| Declined |
A
status assigned to a loan that
has failed to meet the loan program's
eligibility criteria. A declined
loan is no longer being processed. |
|
| Default |
When
the borrower consistently fails
to meet the terms agreed upon
in the promissory note. After
180 days of no payments on federal
loans it is reasonable to assume
that the borrower no longer plans
to honor the obligation to repay. |
|
| Deferment |
A
period of time during repayment
when the borrower, upon meeting
certain conditions, is not required
to pay loan principal. |
|
| Deferred
Interest |
Interest
payments that are delayed for
the borrower during a specified
period and paid at a later time. |
|
| Delinquency |
A
period that begins on the day
after the due date of a payment
when the borrower fails to make
the equivalent of one full payment. |
|
| Delinquent |
The
status of a loan resulting from
the failure to make consistent
and timely monthly installment
loan payments. |
|
| Dependent
Student |
A
student who is 23 years old or
younger and dependent on his or
her parents for financial support. |
|
| Disbursed |
A
status assigned to a loan when
all loan proceeds have been transferred
to the borrower, school or escrow
agent. |
|
| Disbursement |
The
transfer of loan proceeds by individual
check, master check, or electronic
funds transfer (EFT) by a lender
to a borrower, a school, or an
escrow agent. For a consolidation
loan, disbursement is the transfer
of borrower loan proceeds from
the consolidating lender to the
current holder(s) of the loans
being consolidated. |
|
| Disbursement
Date |
The
date when the lender or escrow
agent releases an EFT or issues
a loan check, not the date the
funds are received by the school
or student. The funds received
date may be several days later
than the disbursement date. |
|
| Disclosure
Statement |
The
form you receive which details
the amount you borrowed and the
terms of the loan and repayment. |
|
| Documentation |
A
written or printed paper, a supporting
reference or a record that can
be used to furnish evidence, proof or information. |
|
| DOE |
U.S. Department
of Education |
 |
| |
Federal Consolidation Loan
