Duke University
Financial Aid -- Making Your Duke Education Affordable
spacer image to produce gray vertical line spacer image to produce 10px vertical buffer between beanner and main content columns
spacer image to produce 15px left buffer for text

Glossary of Financial Aid Terms

"G" Terms

Grace Period
A specified time period after a student leaves school or drops below half-time status during which he or she is not required to make payments on student-loan principal or interest. The grace period is typically six to nine months, depending on the type of loan.
Graduated Payments
A flexible rescheduling of loan payments that allows the borrower to make payments of different amounts (available through consolidation).
Grant
A form of financial aid which does not have to be repaid. Also known as gift aid and/or merit scholarhips.
Guarantee Fee
A premium deducted from the proceeds of a Stafford Loan prior to disbursement and paid to the guarantor. Also known as an insurance fee.
spacer image to simulate content well space 		spacer image to produce 15px right buffer for text
spacer image to generate gap between page body and footer
spacer image to generate gray horizontal rule between page body and footer
spacer image to produce 15px left buffer for text
spacer image to generate gray horizontal rule after footer
spacer image to generate gap after footer

© Duke Financial Aid