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<strong>Grace period</strong> – The period that begins the day after a Stafford Loan borrower ceases to be enrolled at least half time and ends the day before the repayment period begins. During the grace period, the borrower is not required to make payments on the principal of the loan.
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<strong>AWG</strong> – Administrative Wage Garnishment; federal student loan holders may withhold a portion of a borrower' s wages after a loan is in default.
<strong>FP</strong> – Type of Dear Colleague Letter addressed to FFEL Program participants.
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