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Social Science Categories
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| Definition Of: |
GUARANTEE AGENCY
The organization that administers the Federal Education Loan Programs in each state and insures lenders against losses due to a borrower's default, death, disability, or bankruptcy. The federal government sets loan limits and interest rate, but each state is free to set its own additional limits within the federal guidelines.
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Petersons Dictionary of Financial Aid Terms INDEX:
List of Terms: Terms beginning with "A", Page 1 |
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Page Number:
1 A: Page 1 of 1.
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