E-Statements		View your monthly bill statements online. Go to MYL for more information.
ED		See US Department of Education.
Electronic Funds Transfer (EFT)		Any transfer of funds that is initiated through electronic means, such as data transmission by computer, as distinguished from a paper based transaction, such as a check payment.
Eligible Non-Citizen		Someone who is not a US citizen but is eligible for federal student aid. Eligible non-citizens include US permanent residents who are holders of a valid visa, US nationals, holders of form I-94 who have been granted refugee or asylum status, and certain other non-citizens. Non-citizens who hold student visas or exchange visitor visas are not eligible for federal student aid.
Endorser		A person who signs the promissory note in addition to the borrower and agrees to repay the loan in the event that the borrower does not.
Endowment		Funds owned by an institution and invested to produce income to support the operation of the institution. Many educational institutions use a portion of their endowment income for financial aid.
Enrollment Status		An indication of whether you are a full-time or part-time student. Generally you must be enrolled at least half-time (and in some cases full-time) to qualify for financial aid and deferments.
Entitlement		Entitlement programs award funds to all qualified applicants. The Pell Grant is an example of such a program.
Entrance/Exit Interview		The required process (by regulation) through which the student goes after borrowing a loan. The purpose is to educate the student borrower on rights and responsibilities regarding the student loan.
Expected Family Contribution (EFC)		Amount a family is expected to contribute to a student's education. EFC is calculated based on family earnings, net assets, savings, size of family and number of students in college.
Extended Repayment Schedule		A repayment schedule available to a "new borrower" on or after October 7, 1998, with outstanding principal and interest in FFELP loans totaling more than $30,000. An extended repayment schedule may provide for standard or graduated installments over a period not to exceed 25 years.