Common use of Deferment of Repayment Clause in Contracts

Deferment of Repayment. This loan includes deferment options during qualifying periods. Interest continues to accrue during deferments. You should consider carefully costs and benefits associated with deferments. You may elect to pay the interest during deferment to reduce the overall costs of borrowing. Prior loans from ACPE will be placed into student deferment, if eligible, based on notification of qualifying enrollment. Less than full-time enrollment may not defer full-time or on-time loans awarded after July 1, 2015.

Appears in 3 contracts

Samples: Alaska Supplemental Education Loan (Asel) Application and Promissory Note Cosigner Agreement, Loan Agreement, Loan Agreement

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Deferment of Repayment. This loan includes deferment options during qualifying periods. Interest continues to accrue during deferments. You deferments so you should consider carefully costs and benefits associated with deferments. You may elect to pay the interest during deferment to and reduce the overall costs of borrowing. Prior Any non- defaulted prior loans from ACPE will be placed into student deferment, if eligible, deferment status based on notification of qualifying enrollment. Less than full-time enrollment may not defer full-time or on-time loans awarded after July 1, 2015enrollment. Default will result in forfeiture of any deferment rights.

Appears in 2 contracts

Samples: Promissory Note, Education Loan Application and Promissory Note

Deferment of Repayment. This loan includes deferment options during qualifying periods. Interest continues to accrue during deferments. You should consider carefully costs and benefits associated with deferments. You may elect to pay the interest during deferment to and reduce the overall costs of borrowing. Defaulting on your loan will result in forfeiture of any deferment rights. Prior loans from ACPE will be placed into student deferment, if eligible, based on notification of qualifying enrollment. Less than full-time enrollment may not defer full-time or on-time loans awarded after July 1, 2015enrollment.

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement

Deferment of Repayment. This loan includes deferment options during qualifying periods. Interest continues to accrue during deferments. You deferments so you should consider carefully costs and benefits associated with deferments. You may elect to pay the interest during deferment to and reduce the overall costs of borrowing. Prior Any non- defaulted prior loans from ACPE will be placed into student deferment, if eligible, deferment status based on notification of qualifying enrollment. Less than full-time enrollment may not defer full-time or on-time loans awarded after July 1, 2015Default will result in forfeiture of any deferment rights.

Appears in 1 contract

Samples: Education Loan Application and Promissory Note

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Deferment of Repayment. This loan includes deferment options during qualifying periods. Interest continues to accrue during deferments. You deferments so you should consider carefully costs and benefits associated with deferments. You may elect to pay the interest during deferment to and reduce the overall costs of borrowing. Prior Any non- defaulted prior loans from ACPE will be placed into student deferment, if eligible, deferment status based on notification of qualifying enrollment. Less than full-time enrollment may not defer full-time or on-time loans awarded after July 1, 2015Default will result in forfeiture of any deferment rights. A. Governing Law:

Appears in 1 contract

Samples: Alaska Supplemental Education Loan Application and Master Promissory Note

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