| Margin |
The number of percentage points
added to the index on a one-year adjustable. For example,
if the index rate is 9% and the margin is 3%, then the fully-indexed
rate is 12% |
| Master Promissory Note |
The promissory note a student
signs when taking out a Stafford Loan. The Master Promissory
Note covers both the Subsidized and Unsubsidized Stafford
loans the student may receive for the same enrollment period.
If the student is attending a 4-year or graduate school,
the Master Promissory Note also covers Subsidized and Unsubsidized
Stafford loans the student may receive for future enrollment
periods. |
| MBA Loans |
Private loans for graduate
business students. |
| MEDLOANS |
Private loans for allopathic
medical students. |
| Merchant credit line |
These include all regular
credit lines, such as department store cards, auto loans,
mortgages, bank loans and credit cards. If there is any
history of late payment, or if the trade line was included
in the bankruptcy, charged off, or put into repossession,
the listing will be considered negative by most credit grantors.
|
| Merit-based |
A means of determining eligibility
for certain types of financial aid using merit, such as
a specific accomplishment or talent, as the determining
factor, rather than financial need. |
| Money Market Account (MMA) or
Money Market Deposit |
Liquid account, providing
FDIC insurance to $100,000 per person, that restricts preauthorized
transfers to six monthly, three of which may be by check.
|
