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Old 07-27-2011, 05:25 AM   #2
Antisdill
 
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Default Top credit issues in Exeter

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<strong>CPS</strong> – Central Processing System, a company that is contracted by the U.S. Department of Education to process the Free Application for Federal Student Aid (FAFSA).
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<strong>Repurchase (of a claim)</strong> – The lender' s purchase of a defaulted loan from the guarantor that bought the claim.

<strong>HT</strong> – Half Time, an enrollment status indicating the student is carrying an academic workload, as determined by the school, that is more than half time but less than full time.

<strong>T-bill</strong> – A note or bill issued by the U.S. Treasury as legal tender for all debts. The T-bill is used to calculate variable interest rates for federal student loans made prior to July 1, 2006, and to determine special allowance rates.

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