NB Student Loan definition

NB Student Loan means a Direct Loan or a Student Loan made under the PSFAA.
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Examples of NB Student Loan in a sentence

  • If you have entered into a NB Student Loan agreement while you were a minor, by accepting this MSFAA, you ratify those agreements.

  • You authorize your educational institution to refund to New Brunswick any fees that have been paid with the proceeds of your NB Student Loan or bursaries for credit against any Outstanding Loan Balance you may have.

  • You authorize your educational institution to refund to New Brunswickany fees that have been paid with the proceeds of your NB Student Loan or bursaries for credit against any Outstanding Loan Balance you may have.

  • Simple interest will accrue on the principal amount of your Outstanding Loan Balance at a floating rate equal to the Prime Rate for your NB Student Loan, accruing daily and calculated monthly, unless you enter into an agreement with a fixed interest rate equal to the Prime Rate plus 2.0%.

Related to NB Student Loan

  • student loan means a loan towards a student’s maintenance pursuant to any regulations made under section 22 of the Teaching and Higher Education Act 1998, section 73 of the Education (Scotland) Act 1980 or Article 3 of the Education (Student Support) (Northern Ireland) Order 1998 and includes, in Scotland, a young student’s bursary paid under regulation 4(1)(c) of the Students’ Allowances (Scotland) Regulations 2007.

  • Purchased Student Loan means a Trust Student Loan which is, as of the close of business on the last, day of a Collection Period, purchased by the Servicer pursuant to Section 3.05 of the Servicing Agreement or repurchased by the Depositor pursuant to Section 6.01 of the Sale Agreement or purchased by the Sellers pursuant to Section 6.01 of the Purchase Agreements.

  • Liquidated Student Loan means any defaulted Trust Student Loan liquidated by the Servicer (which shall not include any Trust Student Loan on which Guarantee Payments are received) or which the Servicer has, after using all reasonable efforts to realize upon such Trust Student Loan, determined to charge off.