Examples of Xxxxxxxx Loan in a sentence
If I fail to meet all the conditions of the award or if the conditions are not documented as required, I understand that the award will permanently convert to an unsubsidized Federal Xxxxxxxx Loan and I will be responsible to repay this loan with interest calculated from the disbursement date of the grant.
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.
Read the online Federal Xxxxxxxx Loan Instructions for loan processing and policy guidelines.
The interest rate shall be the Xxxxxxxx Loan rate in effect upon the occurrence of an Event of Default, as said rate is from time to time determined by the United States Department of Education.
A student who is in default on a Xxxxxxxx Loan, SLS Loan, or a Per- kins/National Direct/National Defense Student Loan or who owes a repayment on any Title IV grant assistance or state award shall be ineligible for assistance under the Iowa work-study program.