Direct Loan definition

Direct Loan means any loan made by Canada under section 6.1 of the CSFAA on or after August 1, 2000.

Direct Loan means motor vehicle promissory notes and security agreements executed by an Obligor in favor of a motor vehicle lender.

Direct Loan means a disbursement of funds by the Government to a non- federal borrower under a contract that requires the repayment of such funds.

Examples of Direct Loan in a sentence

• Ford Federal Direct Loan (Direct Loan) Program, the Federal Perkins Loan Program, and the Teacher Education Assistance for College and Higher Education (TEACH) Grant Program.

• Ford Federal Direct Loan (Direct Loan) Program includes Federal Direct Stafford/Ford (Direct Subsidized) Loans, Federal Direct Unsubsidized Stafford/Ford (Direct Unsubsidized) Loans, Federal Direct PLUS (Direct PLUS) Loans, and Federal Direct Consolidation (Direct Consolidation) Loans.

• The University of Oxford is eligible to certify loan applications for the Direct Loan Program.

• The federal student loan programs include the Direct Loan, FFEL, and Perkins Loan programs.

• If a student who has received Title IV, HEA program assistance is owed a refund, the school will allocate the refund in the following order: Federal Direct Loan Program, Federal Parent Loan for Undergraduate Study (PLUS), Federal Pell Grant, any other Title IV Assistance, to student.

More Definitions of Direct Loan

Direct Loan means the lending of a book or other item directly to a borrower.

Direct Loan means a disbursement of funds by the Government to a non-Federal borrower under a contract that requires repayment of such funds with or without interest. The term includes: • The purchase of, or participation in, a loan made by another lender;• Financing arrangements that defer payment for more than 90 days, including the sale of a Government asset on credit terms; and• Loans financed by the Federal Financing Bank (FFB) pursuant to agency loan guarantee authority. The term does not include the acquisition of federally-guaranteed loans in satisfaction of default or other guarantee claims or the price support loans of the Commodity Credit Corporation. Pre–1992 loans made by the FFB on behalf of any agency continue to be recorded as direct loans of the agency. Agency guarantees of post–1991 loans that are financed by the FFB are treated as direct loans in the budget, but the intrabudgetary cash flows reflect elements of direct loans and loan guarantees insofar as the direct loan financing account for these loans will collect and hold the subsidy payment from the program account as a reserve to cover losses. This balance, together with interest earnings, will be available to pay the FFB in the event of default by the non-Federal borrower. All other intragovernmental transactions, including financing account interest income and expense, are treated as any other direct loan. Agencies with programs financed by the FFB should consult with the OMB representative with primary responsibility for the program to ensure correct treatment of these loans.

Direct Loan means a loan made under this program that is not part of a co-financing arrangement with another lender.

Direct Loan means any loan made by New Brunswick under section 15(1) of the PSFAA, on or after August 1, 2000.

Direct Loan when used in the Part-Time-MSFAA-Canada, means any full-time or part-time direct loan made by Canada under the CSFAA on or after August 1, 2000.

Direct Loan means a loan made directly by a Series SPV or a Loan Originator to a borrower that is a Person.

Direct Loan means and refers to a loan made pursuant to the Xxxxxxx X. Xxxx 17 Federal Direct Loan Program, 20 U.S.C. § 1087a et seq.