Guaranteed Student Loan
Guaranteed Student Loan
DEFINITION
A Guaranteed Student Loan is an extension of credit for students from a financial institution that is guaranteed by the Federal or State Government. The loan is for tuition or other school expenses. The government is responsible for paying the interest on the loan and paying the financial institution to manage the loan. The government is also responsible for the loan if the student defaults.
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Terri J Lee S.
Arizona Member
I originally joined LegalShield because I wanted to get my will completed. However, I have kept my membership because of the value it provides. I feel good knowing that if I have a legal question or if I need help with a legal document, I can contact LegalShield. I would highly recommend this company, and in fact, I have referred some of my friends and family members
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Texas Member
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