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Postsecondary School:
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This term refers to any education institution providing educational services beyond the level of high school. This can apply to proprietary schools, trade and technical schools (vocational), as well as colleges and universities.
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Promissory Note:
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The legal document a borrower signs before receiving a loan. The Promissory Note is part of the student loan application process and details the terms of the loan, including your interest rate, repayment terms and cancellation provisions.
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