Federal Loan definition
Examples of Federal Loan in a sentence
Each Financed Student Loan that is a Financed Federal Loan qualifies the holder thereof to receive Interest Subsidy Payments (other than SLS Loans, unsubsidized ▇▇▇▇▇▇▇▇ Loans and certain Consolidation Loans) and Special Allowance Payments from the Department and Guarantee Payments from the applicable Guarantor and qualifies the applicable Guarantor to receive reinsurance payments thereon from the Department.
Each Group I Student Loan that is a Financed Federal Loan qualifies the holder thereof to receive Interest Subsidy Payments (other than SLS Loans, unsubsidized ▇▇▇▇▇▇▇▇ Loans and certain Consolidation Loans) and Special Allowance Payments from the Department and Guarantee Payments from the applicable Guarantor and qualifies the applicable Guarantor to receive reinsurance payments thereon from the Department.
Paraprofessionals receiving reimbursement for tuition under this paragraph agree that they will not apply for student loan forgiveness from the Federal Loan Forgiveness Program for loans applied to tuition credit for which reimbursement under this paragraph was received.
Each KBUSA Financed Student Loan that is a KBUSA Financed Federal Loan qualifies the holder thereof to receive Interest Subsidy Payments (other than SLS Loans, unsubsidized ▇▇▇▇▇▇▇▇ Loans and certain KBUSA Consolidation Loans) and Special Allowance Payments from the Department and Guarantee Payments from the applicable Guarantor and qualifies the applicable Guarantor to receive reinsurance payments thereon from the Department.
The Issuer acknowledges that pursuant to the Federal Loan Program, due diligence must be used in the origination, servicing and collection of the Financed Student Loans and collection practices must be used no less extensive and forceful than those generally in use among financial institutions with respect to other consumer debt.
To the Knowledge of Beacon Federal and the Beacon Federal Subsidiaries, prior to the period of (x) Beacon Federal’s or any of the Beacon Federal Subsidiaries’ ownership or operation of any of their respective current properties or (y) Beacon Federal’s or any of the Beacon Federal Subsidiaries’ participation in the management of any Beacon Federal Loan Property, there was no material contamination by or release of Materials of Environmental Concern in, on, under or affecting such properties.
Estimated Repayment Schedule & Terms TERM MONTHLY PAYMENTS Deferred Period Until firstPaymentDate No payment required Zero Interest Accrued No payment required Zero Interest Accrued Payment Due Payments begin on firstPaymentDa paymentAmount Zero Interest Accrued paymentAmount Zero Interest Accrued The Estimated Total of Payments at the Maximum Rate of Interest amountFunded Federal Loan Alternatives Reference Notes You may qualify for Federal education loans.
This Agreement shall remain in full force and effect until payment in full of the Chase Federal Loan and the Construction Loan.
Borrower will preserve its title to the Mortgaged Property and will forever warrant and defend the same to Lender and will forever warrant and defend the validity and priority of the lien of the Mortgage against the claims of all persons and parties whomsoever subject, however, to the rights of Chase Federal pursuant to the Chase Federal Loan Documents.
Chase Federal covenants not to make any advances under the Chase Federal Loan Documents in excess of the Chase Federal Secured Sum, as the same may be reduced, from time to time.