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"U" Terms
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| Unconsummated Loan |
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Loan proceeds that the school returns to the lender prior to cashing the check/negotiating the funds, or applying the funds to the student's account (i.e., EFT transaction). This also includes checks that have been released by the school to the borrower that remain uncashed for 120 days following disbursement by the lender.
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| Undergraduate Student |
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A degree-seeking student at a college or university who has not earned a first bachelor's degree.
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| University |
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An institution that is comprised of one or more undergraduate colleges and one or more graduate colleges.
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| Unsubsidized Stafford Loans |
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Non-need based loans.
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| US Department of Education (ED, DOE, USED, DE) |
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Government agency that administers several federal student financial aid programs, including the Federal Pell Grant, the Federal Work-Study Program, the Federal Perkins Loan, the FFELP, and the FDSLP.
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| US Department of Health and Human Services (DHHS, HHS) |
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Government agency that administers several federal health education loan programs, including the HEAL, HPSL, and NSL loan programs.
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