Credit Schoool Home : Dictionary of Credit School Terms: R

A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z Renewal Application A FAFSA application that is used for subsequent-year applications after the initial FAFSA has been filed. Repayment The time during which a borrower actively pays back an education loan. Rescission The cancellation or "unwinding" of a contract. Reserve Officers Training Corps (ROTC) Programs that combine military education with baccalaureate degree study, often with financial support and required commitment to future service in the Armed Services. Scholarship recipients participate in summer training while in college and meet a service commitment after college.