Subsidized Xxxxxxxx Loan definition

Subsidized Xxxxxxxx Loan means a Loan for which the interest rate is governed by Section 427A(a) or 427A(d) of the Higher Education Act.

Subsidized Xxxxxxxx Loan means a Loan described in Section 428(a) of the Higher Education Act.

Subsidized Xxxxxxxx Loan. A Xxxxxxxx loan that qualifies for interest benefits under § 682.301(b) and special allowance under § 682.302. Substantial gainful activity. A level of work performed for pay or profit that involves doing significant physical or mental activities, or a combination of both. Temporarily totally disabled. The con- dition of an individual who, though not totally and permanently disabled, is unable to work and earn money or at- tend school, during a period of at least 60 days needed to recover from injury or illness. With regard to a disabled de- pendent of a borrower, this term means a spouse or other dependent who, dur- ing a period of injury or illness, re- quires continuous nursing or similar services for a period of at least 90 days. Third-party servicer. Any State or pri- vate, profit or nonprofit organization or any individual that enters into a contract with a lender or guaranty agency to administer, through either manual or automated processing, any aspect of the lender’s or guaranty agency’s FFEL programs required by any statutory provision of or applica- ble to Title IV of the HEA, any regu- latory provision prescribed under that statutory authority, or any applicable special arrangement, agreement, or limitation entered into under the au- thority of statutes applicable to Title IV of the HEA that governs the FFEL programs, including, any applicable function described in the definition of third-party servicer in 34 CFR part 668; originating, guaranteeing, monitoring, processing, servicing, or collecting loans; claims submission; or billing for interest benefits and special allowance. Totally and permanently disabled. The condition of an individual who—

Examples of Subsidized Xxxxxxxx Loan in a sentence

• The federal formula requires a return of any unearned Title IV aid if the student received federal financial assistance in the form of a Pell Grant, Federal Subsidized Xxxxxxxx Loan, Federal Unsubsidized Xxxxxxxx Loan, or Federal PLUS loan and withdrew on or before completing 60% (528 hrs) of the total clock hours.

• Federal Subsidized Xxxxxxxx Loan This is a fixed rate, subsidized loan, administered by lenders.

• Federal student aid funds are returned in the following order: 1) Unsubsidized Xxxxxxxx Loan; 2) Subsidized Xxxxxxxx Loan; 3) PLUS Loan; 4) Federal Pell Grant; 5) Federal Supplemental Educational Opportunity Grant (FSEOG); 6) Other federal student aid programs.

• If the student received more than the amount of Federal student financial assistance earned, the difference will be returned to the Federal student financial assistance programs from which funds were received in the following order: Unsubsidized Xxxxxxxx Loan, Unsubsidized Direct Loan, Subsidized Xxxxxxxx Loan, Subsidized Direct Loan, Xxxxxxx Loan, PLUS Loan, Pell Grant, ACG, SMART, SEOG.

More Definitions of Subsidized Xxxxxxxx Loan

Subsidized Xxxxxxxx Loan means a student loan described in Section 428(a) of the Higher Education Act. “Summary Loan Put Schedule” means the schedule (in a form approved by the Department and provided to each Servicer by the Conduit Administrator) listing Financed Student Loans selected for sale by the Funding Note Issuer in accordance with Section 1.03(c) or subject to sale as a result of the exercise of remedies by the Conduit Lender in accordance with Section 6.03, which schedule shall be prepared using the most current loan information available to the Servicers of the Financed Student Loans included in such Summary Loan Put Schedule and shall include (i) the loan number, (ii) the estimated Principal Balance and accrued interest (to the extent not included in the Principal Balance) of such Financed Student Loans [,] [and] (iii) [the applicable Seller and (iv)] any other information the Department may reasonably require including but not limited to certain identification numbers and dates relating to the Financed Student Loans listed in such Summary Loan Put Schedule.