HEAL loans definition

HEAL loans means loans to finance the graduate education of health professionals ,
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HEAL loans means loans to finance the graduate education of health professionals, which have been made pursuant to the Federal Health Education Assistance Loan Program created pursuant to P.L. 94-484, and which are fully insured or guaranteed as to principal and interest by the United States, its agencies or instrumentalities;
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Examples of HEAL loans in a sentence

  • The lender may make HEAL loans only to an applicant that the lender has determined to be creditworthy.

  • During each year of repayment, a borrower’s payments to all holders of his or her HEAL loans must total the interest that accrues during the year on all of the loans, unless the borrower, in the promissory note or other written agreement, agrees to make payments during any year or any repayment pe- riod in a lesser amount.

  • For loans disbursed prior to July 22, 1986, the lender must calculate the insurance premium for nonstudent borrowers on the basis of the number of months be- ginning with the month following the month in which the loan proceeds are disbursed to the borrower and ending at the conclusion of the month pre- ceding the month in which repayment of principal is expected to begin or re- sume on the borrower’s previous HEAL loans.

  • Additionally, HEAL loans are 98% guaranteed by the loan program sponsor.

  • All eligible loans made by a lender with this type of con- tract are insured immediately upon disbursement.(2) The Secretary will revoke the comprehensive contract of any lender who utilizes procedures which are in- consistent with the HEAL statute and regulations, the lender’s insurance con- tract, or its own loan management pro- cedures set forth in writing pursuant to § 681.31(c), and require that such lenders disburse HEAL loans only under a standard contract.

  • For example, 42 U.S.C.§ 292f(g) limits the circumstances in which a debtor may validly discharge Health Education Assistance Loans (HEAL loans) through the bankruptcy process.337 Modifying Section 523(a)(8) to make it easier to discharge non-HEAL loans without making further changes to the U.S. Code could lead to an arguably anomalous result in which debtors carrying non-HEAL loans are treated more favorably than debtors carrying HEAL loans.

  • Federal Perkins Loans, HEAL loans or other health education loans, and private education loans are not eligible for the IBR plan.

  • The form was approved for all HEAL loans with a fixed interest rate in which the borrower has reached repayment status and is making payments of both interest and principal.

  • HEAL loans are directly insured 100 percent by the federal government.Both FFELP and HEAL loans are subject to regulatory requirements relating to servicing.

  • Eligiblelenders, such as banks, savings and loan associations, credit unions, pension funds, State agencies, HEAL schools, and insurance companies, make new refinanced HEAL loans which are insured by the Federal Government against loss due to borrower’s death, disability, bankruptcy, and default.

Related to HEAL loans

  • Initial Loans means the Eligible Loans evidenced by the Notes sold on the Closing Date pursuant to the Initial Purchase Agreement and related documentation, together with any guaranties and other rights relating thereto including, without limitation, Interest Subsidy Payments and Special Allowance Payments.

  • Lender PMI Loans Mortgage Loans with respect to which the lender rather than the borrower acquired the primary mortgage guaranty insurance and charged the related borrower an interest premium.

  • Original Loans means the loans and other extensions of credit outstanding under the Original Credit Agreement as of the Effective Date.

  • Total Loans at any time, the aggregate principal amount of the Loans of the Lenders outstanding at such time (after converting the outstanding principal amount of any Loans denominated in the Optional Currency into the Dollar Equivalent thereof at such time).

  • or "Loans means and includes without limitation any and all commercial loans and financial accommodations from Lender to Borrower, whether now or hereafter existing, and however evidenced, including without limitation those loans and financial accommodations described herein or described on any exhibit or schedule attached to this Agreement from time to time.

  • Loans means the loans made by the Lenders to the Borrower pursuant to this Agreement.

  • Additional Loans means any Additional Revolving Loans and any Additional Term Loans.

  • Second Lien Loans means the “Loans” as defined in the Second Lien Credit Agreement and shall, for the avoidance of doubt, include Incremental Second Lien Loans.

  • Incremental Loans has the meaning assigned to such term in Section 2.22(a).

  • Delayed Draw Term Loans has the meaning as set forth in Section 2.5(a).

  • Term Loans means, collectively, the Tranche A Term Loans and the Tranche B Term Loans.

  • First Lien Loans means the “Loans” (or any comparable term) as defined in the First Lien Credit Agreement.

  • Revolving Loans as defined in Section 2.4(a).

  • Canadian Loans means, individually and collectively as the context may require, the Canadian Revolving Loans, the Canadian Swingline Loans, the Canadian Overadvances and the Canadian Protective Advances.

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • New Loans means Loans made by the Failed Bank after the Bid Valuation Date that are not continuations, amendments, modifications, renewals, extensions, refinancings, restructurings, or refundings of or for any then existing Loan.

  • Group I Loans The Mortgage Loans designated on the Mortgage Loan Schedule as Group I Loans.

  • Existing Loans has the meaning specified in Section 2.19(a).

  • Refinanced Loans has the meaning specified in Section 10.01.

  • Committed Loans means loans made pursuant to Section 2.1(a).

  • Subject Loans has the meaning assigned to such term in Section 2.11(b)(ii).

  • U.S. Revolving Loans means the revolving loans made to the U.S. Borrowers pursuant to Section 2.1(a)(i), or any amendment to this Agreement entered into pursuant to Section 2.5, 2.6 or 2.7, each Agent Advance made to a U.S. Borrower and each U.S. Swingline Loan.

  • Other Loans means one or more Classes of Loans that result from a Refinancing Amendment or a Loan Modification Agreement.

  • Term Loan Borrowing means a borrowing consisting of simultaneous Term Loans of the same Type and, in the case of Eurocurrency Rate Loans, having the same Interest Period made by each of the Term Loan Lenders pursuant to Section 2.01(a).

  • Revolving Facility Loans shall include the Other Revolving Loans.

  • Group II Loans The Mortgage Loans designated on the Mortgage Loan Schedule as Group II Loans.