Examples of Private student loan in a sentence
Private student loan borrowers have the weakest consumer financial protections of any group of borrowers.
Revolving funds are imprest funds established at an authorized amount to finance allowable disbursements that, in turn, are reimbursed, thereby ensuring a continuous flow of cash.Revolving funds may be established at each bank where the College has a depository account at the authorized funding levels as determined by the designated custodians.
For example, the right to discharge a federal student loan when a school falsely certifies that its program meets relevant state requirements for employment in the field of training is an archetype of the kind of problems encountered by for-profit school students.243 Private student loan discharge should follow from federal student loan discharge.The disability discharge protections available to federal student borrowers also meet the purposes of the PSBPA.
Private student loan borrowers increasingly entered into subprime student loans despite the potential to qualify for more favorable federal student loans, thereby contributing to debt overload problem.The CFPB is now in the position to regulate the private student loan industry to require tighter underwriting standards to prevent unqualified borrowers from entering the default danger zone in the first place.
Private student loan program interest rates currently are running as low as 2.92 to13.79 percent, for students with maximum creditworthiness, and as high as 19 to 25 percent for students with minimum creditworthiness.By comparison, the federal parent PLUS loan is credit-based and offers a 7.9 percent fixed rate with a 4 percent origination fee.