Common use of Eligible Loan Periods Clause in Contracts

Eligible Loan Periods. Current and Future Borrowers can apply for a loan relating to an academic year that begins within twelve (12) months after the loan application date. The first disbursement for a subsequent academic year must also occur within twelve (12) months after the loan application date. Past Enrollment Borrowers may borrow funds for previous academic periods during which they were enrolled as long as such borrower has either graduated or is enrolled in an ITT Technical Institute on the loan application date.

Appears in 3 contracts

Samples: Agreement for Servicing Private Student Loans, Risk Sharing Agreement, Financing Program Agreement

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Eligible Loan Periods. Current and Future Borrowers can apply for a loan relating to an academic year that begins within twelve (12) months after the loan application date. The first disbursement for a subsequent academic year must also occur within twelve (12) months after the loan application date. Past Enrollment Borrowers may borrow funds for previous academic periods during which they were enrolled as long as such borrower has either graduated or is enrolled in an ITT Technical Institute on the loan application date. 2 Servicer not responsible for implementing and effecting Requirements listed under Eligible Borrower, Eligible Loan Periods, and Credit Requirements.

Appears in 1 contract

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

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