Unsubsidized Xxxxxxxx Loan definition

Unsubsidized Xxxxxxxx Loan means a Loan made pursuant to Section 428H of the Higher Education Act.
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Unsubsidized Xxxxxxxx Loan means a FFELP Loan designated as such that is made under ss. 428H of the Higher Education Act.
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Unsubsidized Xxxxxxxx Loan means a Student Loan made pursuant to Section 428H of the Higher Education Act.
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Examples of Unsubsidized 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.

  • Each Financed Student Loan that is a PLUS Loan, a SLS Loan or an Unsubsidized Xxxxxxxx Loan qualifies the holder thereof to receive Special Allowance Payments from the Department to the extent applicable.

  • Each Financed Student Loan that is a Consolidation Loan, a PLUS Loan, a SLS Loan or an Unsubsidized Xxxxxxxx Loan qualifies the holder thereof (assuming such holder is an eligible lender under the Higher Education Act and has a guarantee agreement with the applicable Guarantor of such loan) to receive Special Allowance Payments from the Department of Education to the extent applicable.

  • Each Financed Student Loan that is a Consolidation Loan, a PLUS Loan, a SLS Loan or an Unsubsidized Xxxxxxxx Loan qualifies the holder thereof (assuming such holder is an eligible lender under the Higher Education Act and has a guarantee agreement with the applicable Guarantee Agency of such loan) to receive Special Allowance Payments from the Department of Education to the extent applicable.

  • In calculating these fees, a subsidized Xxxxxxxx Loan and an Unsubsidized Xxxxxxxx Loan will be counted as a single Loan only if they are received in a single loan file.

  • Each Financed Student Loan that is a Consolidation Loan, a PLUS Loan, a SLS Loan or an Unsubsidized Xxxxxxxx Loan qualifies the holder thereof (assuming such holder is an eligible lender under the Higher Education Act) to receive Special Allowance Payments from the Department of Education to the extent applicable.

  • The interest rate and repayment terms of this loan are the same as those of the Federal Unsubsidized Xxxxxxxx Loan.

  • 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.

  • Such interest shall be paid or capitalized in the same manner as interest on a Federal Direct Unsubsidized Xxxxxxxx Loan is paid or capitalized under section 1078–8(e)(2) of this title.


More Definitions of Unsubsidized Xxxxxxxx Loan

Unsubsidized Xxxxxxxx Loan means a Financed Student Loan designated as such that is made under Section 428H of the Higher Education Act. SCHEDULE A TO THE THIRD SUPPLEMENTAL SALE AND SERVICING AGREEMENT SCHEDULE OF FINANCED STUDENT LOANS Located in the custody of Bankers Trust Company as Trustee SCHEDULE B TO THE THIRD SUPPLEMENTAL SALE AND SERVICING AGREEMENT LOCATION OF FINANCED STUDENT LOAN FILES Documents relating to the Financed Student Loans in the custody of the Master Servicer (including original notes) are stored at Trans-World Insurance Company's offices located at 0000 X Xxxxxx, Xxxxx 000-X, Xxxxxxxxxx, Xxxxxxxxxx 00000. EXHIBIT A TO THE THIRD SUPPLEMENTAL SALE AND SERVICING AGREEMENT Form of Noteholders' Statement pursuant to Section 5.7(a) of Third Supplemental Sale and Servicing Agreement (capitalized terms used HEREIN ARE DEFINED IN APPENDIX A THERETO) Note Distribution Date:_____________________
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Unsubsidized Xxxxxxxx Loan. This loan is based on need. The student is charged interest from the time the loan is disbursed. The student may elect to pay the interest while in school or the student may choose to capitalize the interest (Interest payments are added to the principal amount of the loan). Capitalizing interest will increase the amount the student is required to repay. Repayment begins six months after the student ceases to be enrolled at least half-time.
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Related to Unsubsidized Xxxxxxxx Loan

  • 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.

  • Xxxxxxxx Loan means a Subsidized Xxxxxxxx Loan or an Unsubsidized Xxxxxxxx Loan.

  • Buydown Loan A Mortgage Loan for which the Mortgage Interest Rate has been subsidized through a Buydown Fund provided at the time of origination of such Mortgage Loan.

  • Jumbo Loan means a Mortgage Loan (other than a Conforming Loan) that (1) is underwritten by an Approved Investor (other than Xxxxxx Xxx, Xxxxxxx Mac or Xxxxxx Mae), (2) matches all applicable requirements for purchase under the requirements of a Take-Out Commitment issued for the purchase of such Mortgage Loan, (3) differs from a Conforming Loan solely because the principal amount of such Mortgage Loan exceeds the limit set for Conforming Loans by Xxxxxx Xxx or Xxxxxxx Mac from time to time, and (4) is a First Lien Mortgage Loan.

  • Subsidy Loan Any Mortgage Loan subject to a temporary interest subsidy agreement pursuant to which the monthly interest payments made by the related Mortgagor will be less than the scheduled monthly interest payments on such Mortgage Loan, with the resulting difference in interest payments being provided by the employer of the Mortgagor. Each Subsidy Loan will be identified as such in the Mortgage Loan Schedule.

  • VA Loan means a Mortgage Loan which is subject of a VA Loan Guaranty Agreement as evidenced by a loan guaranty certificate, or a Mortgage Loan which is a vendor loan sold by the VA.

  • All-terrain type II vehicle means the same as that term is defined in Section 41-22-2.

  • SOFR Loan means a Loan that bears interest at a rate based on Adjusted Term SOFR, other than pursuant to clause (c) of the definition of “Base Rate”.

  • Loan Group 4 The Group 4 Mortgage Loans.

  • Class B-6 Prepayment Percentage As to any Distribution Date, except as set forth in the next sentence, the percentage calculated by multiplying (i) the Subordinated Prepayment Percentage by (ii) a fraction, the numerator of which is the Class B-6 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the sum of the Principal Balances of the Classes of Class B Certificates eligible to receive principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d). Except as set forth in Section 4.01(d)(ii), in the event that the Class B-6 Certificates are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), the Class B-6 Prepayment Percentage for such Distribution Date will be zero.

  • Class B-4 Prepayment Percentage As to any Distribution Date, except as set forth in the next sentence, the percentage calculated by multiplying (i) the Subordinated Prepayment Percentage by (ii) a fraction, the numerator of which is the Class B-4 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the sum of the Principal Balances of the Classes of Class B Certificates eligible to receive principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d). Except as set forth in Section 4.01(d)(ii), in the event that the Class B-4 Certificates are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), the Class B-4 Prepayment Percentage for such Distribution Date will be zero.

  • SOFR Borrowing means, as to any Borrowing, the SOFR Loans comprising such Borrowing.

  • Loan Group 5 The Group 5 Mortgage Loans.

  • Class B-5 Prepayment Percentage As to any Distribution Date, except as set forth in the next sentence, the percentage calculated by multiplying (i) the Subordinated Prepayment Percentage by (ii) a fraction, the numerator of which is the Class B-5 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the sum of the Principal Balances of the Classes of Class B Certificates eligible to receive principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d). Except as set forth in Section 4.01(d)(ii), in the event that the Class B-5 Certificates are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), the Class B-5 Prepayment Percentage for such Distribution Date will be zero.

  • Loan Type Each Mortgage Loan is a [Adjustable Rate] [Balloon] [Fixed Rate] Mortgage Loan.

  • Class B-2 Prepayment Percentage As to any Distribution Date, except as set forth in the next sentence, the percentage calculated by multiplying (i) the Subordinated Prepayment Percentage by (ii) a fraction, the numerator of which is the Class B-2 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the sum of the Principal Balances of the Classes of Class B Certificates eligible to receive principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d). Except as set forth in Section 4.01(d)(ii), in the event that the Class B-2 Certificates are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), the Class B-2 Prepayment Percentage for such Distribution Date will be zero.

  • Collateral Senior Minimum Monthly Interest shall have the meaning specified in subsection 4.02(d).

  • Discount Net Mortgage Rate As defined in the Series Supplement.

  • Loan Group 3 The Group 3 Mortgage Loans.

  • All-terrain type I vehicle means the same as that term is defined in Section 41-22-2.

  • Class B-1 Prepayment Percentage As to any Distribution Date, the percentage calculated by multiplying the Subordinated Prepayment Percentage by either (i) if any Class B Certificates (other than the Class B-1 Certificates) are eligible to receive principal distributions for such Distribution Date in accordance with Section 4.01(d), a fraction, the numerator of which is the Class B-1 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the sum of the Principal Balances of the Classes of Class B Certificates eligible to receive principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d) or (ii) except as set forth in Section 4.01(d)(ii), in the event that the Class B Certificates (other than the Class B-1 Certificates) are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), one.

  • Borrowing Minimum means (a) in the case of Eurocurrency Loans, $1,000,000, (b) in the case of ABR Loans, $1,000,000 and (c) in the case of Swingline Loans, $500,000.

  • Term SOFR Borrowing means a Borrowing comprised of Term SOFR Loans.

  • Floating Rate Advance means an Advance which, except as otherwise provided in Section 2.11, bears interest at the Floating Rate.

  • Fixed Rate Loan means a Competitive Loan bearing interest at a Fixed Rate.