Examples of Xxxxxxxx Loans in a sentence
The Title IV programs that are covered by this law are: Federal Pell Grants, Iraq and Afghanistan Service Grants, TEACH Grants, Xxxxxxxx Loans, PLUS Loans, Federal Supplemental Educational Opportunity Grants (FSEOGs) and Federal Xxxxxxx Loans.
Each Financed Student Loan that is a Financed Federal Loan qualifies the holder thereof to receive Interest Subsidy Payments (other than SLS Loans, unsubsidized Xxxxxxxx Loans and certain Consolidation Loans) and Special Allowance Payments from the Department and Guarantee Payments from the applicable Guarantor and qualifies the applicable Guarantor to receive reinsurance payments thereon from the Department.
Each Financed Student Loan is guaranteed by an eligible guarantor under the Higher Education Act and qualifies the holder thereof to receive Interest Subsidy Payments (other than SLS Loans, unsubsidized Xxxxxxxx Loans, and those Consolidation Loans for which the related loan application was submitted prior to January 1, 1993) and Special Allowance Payments from the Department and Guarantee Payments from the Guarantor and qualifies the Guarantor to receive reinsurance payments thereon from the Department.
The term Title IV Funds refers to Federal Financial Aid Programs authorized under the Higher Education Act of 1965, as amended and includes Federal Pell Grants, Federal Supplemental Educational Opportunity Grants, Iraq and Afghanistan Service Grants, Federal Xxxxxxx Loans, Federal Direct Xxxxxxxx Loans, and Federal PLUS loans.
Each KBUSA Financed Student Loan that is a KBUSA Financed Federal Loan qualifies the holder thereof to receive Interest Subsidy Payments (other than SLS Loans, unsubsidized Xxxxxxxx Loans and certain KBUSA Consolidation Loans) and Special Allowance Payments from the Department and Guarantee Payments from the applicable Guarantor and qualifies the applicable Guarantor to receive reinsurance payments thereon from the Department.
Each Group I Student Loan that is a Financed Federal Loan qualifies the holder thereof to receive Interest Subsidy Payments (other than SLS Loans, unsubsidized Xxxxxxxx Loans and certain Consolidation Loans) and Special Allowance Payments from the Department and Guarantee Payments from the applicable Guarantor and qualifies the applicable Guarantor to receive reinsurance payments thereon from the Department.
Eligible Educational Loans include: Non-eligible loans include: • Federal Xxxxxxxx Loans; • Federal Graduate PLUS Loans; • Federal Consolidation Loans; and • Federal Xxxxxxx Loans.
The Federal Family Education Loan (FFEL) Program includes Federal Xxxxxxxx Loans (both subsidized and unsubsidized), Federal PLUS Loans, Federal Consolidation Loans, and Federal Supplemental Loans for Students (SLS).
The Servicer shall be permitted to reduce the applicable interest rate on a TP Loan by up to (i) 1.00% per anum for Xxxxxxxx Loans and Unsubsidized Xxxxxxxx Loans and 0.5% per annum for PLUS Loans, if the Obligor related to such TP Loan makes 36 consecutive monthly payments of such TP Loan on or prior to the applicable due dates of such TP Loan, or (ii) such greater percentage and upon such other conditions for which a Rating Agency Condition is satisfied.
Before Financial Aid will be given to a student, a Title IV Authoriza- tion form must be submitted stating whether or not a student gives authorization to BYU–Idaho to use Pell and Xxxxxxxx Loans to pay for all debts owing to the school or just for tuition, fees, room and board and whether or not any excess funds should be kept on the student’s account.