Eligible Student Loan definition

Eligible Student Loan means a recipient’s total subsidized, unsubsidized, and consolidated Federal Stafford Loan amount under the Federal Family Education Loan Program, Federal Direct Loan Program, federal Graduate PLUS Loan, or federal Perkins Loan, including principal and interest. Only the outstanding portion of a federal consolidation loan that was used to repay an eligible subsidized or unsubsidized Federal Stafford Loan qualifies as an eligible student loan.

Eligible Student Loan means a Student Loan, on any date of determination:

Eligible Student Loan means an education loan eligible for consolidation as described in the Act.

Examples of Eligible Student Loan in a sentence

• Each Student Loan included as an Eligible Student Loan in the calculation of the Coverage Condition, is an Eligible Student Loan.

• Vanguard paid loan repayments made under the Program will be in addition to the crew members’ required monthly payments and are intended to help reduce the principal amount of the Eligible Student Loan as well as interest due.

• In addition, our customers can deploy artificial intelligence (AI), machine learning (ML), and data analytics to automate the prediction and resolution of complex business challenges with no upfront investment.We have over 16 years of experience providing cloud services to customers across the globe, operate data centres in 30 geographic regions in the world, and hold the capability of supporting workloads of virtually any scale.

• In the event that a Data Subject has shared their Personal Information/Personal Data with any third parties, Starbreak will not be responsible for any loss suffered by the Data Subject, their dependents, beneficiaries, spouse(s) or employees (as the case may be).

• Benefit AmountEligible crew members can receive Vanguard-paid student loan repayments up to $100 per month, not to exceed $1,200 per calendar year, in the form of a payment made directly to the student loan servicer on behalf of the crew member, provided that their student loan is an Eligible Student Loan (defined below) and is not in deferred or default status.

More Definitions of Eligible Student Loan

Eligible Student Loan means a Student Loan:

Eligible Student Loan means an education loan eligible for consolidation as described in the Act. "Federal Reinsurance" means the risk assumed by the Federal government as set forth in the Act.

Eligible Student Loan means an educational loan used by a workforce voucher graduate to pay the tuition and related expenses required to earn the qualifying degree, certification, or license for which the workforce voucher was awarded. A loan is not an "eligible student loan" if it is combined with noneducational debt.

Eligible Student Loan or “Eligible Loan” means any fixed or variable interest rate Student Loan made to finance or refinance post-secondary education that is (i) transferred, acquired or purchased into this Trust Estate from a Prior Indenture, (ii) satisfies the administrative rules of the NJCLASS Loan Program as in effect from time to time or (iii) is made pursuant to a pilot program authorized by the Authority and, in each case, that is made in accordance with the credit criteria set forth in the Supplemental Indenture applicable to the disposition of the proceeds of Bonds and Subordinate Obligations issued pursuant to such Supplemental Indenture to finance or refinance such Student Loan and which may be made by the Authority to an eligible borrower, the proceeds of which Student Loan are used to finance or refinance education costs, including accrued, capitalized or deferred interest on such Student Loan, pursuant to the Act and which may be purchased or otherwise financed or refinanced by the Authority pursuant to the Act; provided however, that any Supplemental Indenture may restrict the ‘Eligible Loans’ which may be purchased or acquired with the proceeds of Bonds or Subordinate Obligations issued pursuant to such Supplemental Indenture to certain specified types of Student Loans satisfying the administrative rules of the Authority’s NJCLASS Loan Program (or any successor thereto) as in effect from time to time or pursuant to an authorized pilot program in effect from time to time.

Eligible Student Loan means a Private Student Loan that is eligible to be consolidated into a Program Loan according to the eligibility rules set forth in the Guidelines.

Eligible Student Loan. Forbearance Status"; "Initial Financed Student Loans"; "Realized Losses"; and "Student Loan."

Eligible Student Loan means a FFELP Loan which (i) has been or will be made to a borrower for post-secondary education; (ii) is Guaranteed; (iii) is a consolidation loan authorized under Section 428C of the Higher Education Act, (iv) qualifies the holder thereof to receive Interest Subsidy Payments and Special Allowance Payments to the extent applicable; (v) which is denominated and payable only in United States dollars and payable in the United States or one of its territories; (vi) which, at the time such Student Loan is sold to Purchaser, is not considered in default under the Higher Education Act; (vii) which, on the date of sale, is not more than 90 days delinquent; (viii) which is or was originated or acquired in the ordinary course of business; (ix) which is beneficially owned by the Seller; (x) which is evidenced by a promissory note of which there is only one original executed copy; (xi) which is not subject to any right of cancellation or rescission (after 120 days from reimbursement thereof), set-off, counterclaim, or other defense of the related obligor; (xii) the obligor of which, at the time such Student Loan is sold to Purchaser, is not the subject of an event of bankruptcy and is not deceased or permanently and totally disabled within the meaning of the Higher Education Act; (xiii) which together with the contract related thereto, does not contravene in any material respect the Higher Education Act or any other laws, rules, or regulations applicable thereto; (xiv) the obligor of which is required to make payments to the Servicer; (xv) which is assignable without the consent of the related obligor; (xvi) which bears interest at a rate not in excess of that applicable rate of interest permitted by the Higher Education Act at the time originated for such type of loan; (xvii) which provides or, when the payment schedule with respect thereto is determined, will provide for payments on a periodic basis that will fully amortize the principal balance thereof during the repayment period, as such payment period may be modified in accordance with applicable deferral and forbearance periods granted in accordance with the Higher Education Act and the applicable Guarantee Agreement; (xviii) the payment terms of which have not been altered or amended except in accordance with the Higher Education Act; and (xix) as of the applicable Sale Date, is not more than 180 days past its origination date.