What this means is that the amount of money you will earn in interest in your savings account is less that the rate of inflation. (thecollegeinvestor.com)
The longer it takes to pay it off, the more your lender will earn in interest from you. (think-creditcards.com)
The guaranteed rate is what you will earn in interest guaranteed and the declared rate is what the company will offer above the guaranteed rate declared annually. (termlife2go.com)