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<strong>Endorser</strong> – A signer of a promissory note who is secondarily liable for a loan obligation. A lender may require a PLUS applicant with adverse credit history to obtain a creditworthy endorser in order to receive the loan.
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<strong>IRS offset</strong> – The withholding of a borrower' s federal Treasury payments, such as federal tax refunds. Also known as “Treasury offset.”
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demandable debt instruments (GO) Banknotes, current/checking bank accounts.
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