Acs Educational Loan Payment
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Norwegian State Educational Loan Fund - The Norwegian State Educational Loan Fund (Statens lĂĄnekasse for utdanning) provides loans and grants to Norwegian students for their education.
Down payment - The term "down payment" is used in the context of buying large expensive items like cars and houses, whereby a loan is required to make the full payment. The down payment is the initial upfront portion of the payment, usually given in cash.
Interest-only loan - An interest-only loan is a loan in which for a set term the borrower pays only the interest on the capital; the capital remains owing. At the end of the term the borrower may renew the interest-only mortgage, repay the capital, or (with some lenders) convert the loan to a principal and interest payment loan at his option.
Student loan - Student loans are loans offered to students to assist in payment of the costs of professional education. These loans usually carry lower interests than other loans, and are usually issued by the government.
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