A fuller guide to this term is on the way. In the meantime, the related terms below explain the ideas around it.
Related Brickyard terms
- Federal Student LoanAn education loan issued by the U.S. government that offers fixed rates and flexible repayment and hardship options.
- Student LoanMoney borrowed to pay for education, offered by the government or private lenders, repaid with interest after school.
- CosignerA person who agrees to repay your loan if you cannot, using their credit to help you qualify and sharing full liability.
- RefinancingReplacing an existing loan with a new one, usually to get a lower rate, a different term, or a smaller monthly payment.
- Interest CapitalizationWhen unpaid interest gets added to your loan principal, so future interest is charged on a larger balance.
Turn this into a brick
Knowing what Private Student Loan means is knowledge — the first half. A brick gets placed when you act on it.
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Plain-English education — not personalized legal, tax, or investment advice.