April 24, 2014

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Financial aid words students need to know

High school seniors headed to college this fall need to become familiar with some financial aid terms that they will probably hear. This list from the Kentucky Higher Education Assistance Authority (KHEAA) may help.

• Accrue. This term, which means to increase or accumulate, is often used to refer to interest on loans. It means that the interest is added to your loan until the loan is fully paid.