Common use of Eligible Borrower Clause in Contracts

Eligible Borrower. The borrower must satisfy all of (a)-( d) below: a) Be admitted to, or have graduated from, an ITT Technical Institute undergraduate or graduate program of study. b) Be a U.S. Citizen or National, or a Permanent Resident. AND If there is a Co-signer, the Co-signer must be a U.S. Citizen or National, or a Permanent Resident. c) Meet all credit requirements specified below in Section 3. OR Have a credit-worthy co-signer who meets all credit requirements specified below in Section 3. d) Be the age of majority, as determined by individual state requirements for the primary borrower’s permanent residence, at the time of the loan application.

Appears in 2 contracts

Samples: Risk Sharing Agreement, Risk Sharing Agreement (Itt Educational Services Inc)

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Eligible Borrower. The borrower must satisfy all of (a)-( d) below: a) Be admitted to, or have graduated from, an ITT Technical Institute undergraduate or graduate program of study. b) Be a U.S. Citizen or National, or a Permanent Resident. AND If there is a Co-signer, the Co-signer must be a U.S. Citizen or National, or a Permanent Resident. . c) Meet all credit requirements specified below in Section 3. OR Have a credit-worthy co-signer who meets all credit requirements specified below in Section 3. d) Be the age of majority, as determined by individual state requirements for the primary borrower’s permanent residence, at the time of the loan application.

Appears in 1 contract

Samples: Financing Program Agreement

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Eligible Borrower. The borrower must satisfy all of (a)-( da)-(d) below: a) Be admitted to, or have graduated from, an ITT Technical Institute undergraduate or graduate program of study. b) Be a U.S. Citizen or National, or a Permanent Resident. AND If there is a Co-signer, the Co-signer must be a U.S. Citizen or National, or a Permanent Resident. c) Meet all credit requirements specified below in Section 3. OR Have a credit-worthy co-signer who meets all credit requirements specified below in Section 3. d) Be the age of majority, as determined by individual state requirements for the primary borrower’s permanent residence, at the time of the loan application.

Appears in 1 contract

Samples: Agreement for Servicing Private Student Loans (Itt Educational Services Inc)

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