Guaranteed Student Loan

Also found in: Acronyms.

Guaranteed Student Loan

A student loan on which repayment is guaranteed by a third party, especially the U.S. federal government. A student loan is financing used to pay for one's education, especially at the postsecondary or technical level. Because these loans do not purchase any asset to offer as collateral, they are high risk. However, a guaranteed student loan reduces the risk by promising that the third party will repay if the student defaults. Examples of federally guaranteed student loans in the United States include the Stafford loan and the PLUS loan.

References in periodicals archive ?

This year, nearly $1 billion was doled out unnecessarily through the federal guaranteed student loan program thanks to the loophole.

Former employee presses ed. department to halt student loan abuses

The federal government gave states the option of managing their own guaranteed student loan programs, having the federal government do it, or having USA Funds do it.

USA Group: the giant in education loans doesn't behave like a not-for-profit

7 billion in 1992-93, while federally guaranteed student loans came to $17.

No strings attached: a private college spurns federal aid to save its academic freedom