With some financial literacy and effort, you can avoid less-than-ideal debt circumstances, especially when you borrow money for FSA loans.
By Ryan Laspina
Senior Specialist, Red Flags and External Reviews at APUS
One of the more confusing concepts for Federal Student Aid (FSA) loan borrowers (or any loan borrower) to understand is the difference between default and delinquency. Life can get into the way on occasion, and you may not be in a position to pay back all or part of your student loans at a given time. Therefore, it is important that you understand the difference between the two terms.