Consolidation Loan definition

Consolidation Loan means a Loan made pursuant to and in full compliance with Section 428C of the Higher Education Act.

Consolidation Loan means a Subsidized Consolidation Loan or Unsubsidized Consolidation Loan.

Consolidation Loan means a Student Loan originated pursuant to Section 428C of the Higher Education Act.

Examples of Consolidation Loan in a sentence

• The Add-On Consolidation Loan Account shall be used solely for the acquisition of Add-On Loans.

• With respect to each series of Notes, the Trustee shall, pursuant to an Issuer Order, upon the issuance thereof and from the proceeds of issuance thereof, credit to the Add-On Consolidation Loan Account the amount, if any, specified in the Supplemental Indenture providing for the issuance of such series of Notes.

• The Trustee shall make payments from the Add-On Consolidation Loan Account to Lenders for the acquisition of Add-On Loans that are Eligible Loans, including all related Premiums, if any, in connection therewith, upon receipt by the Trustee of an Eligible Loan Acquisition Certificate and all documents and certificates required thereby.

• Any amount returned by the entity engaged by the Issuer to disburse such fund to borrowers under such Consolidation Loans (due to the borrower under the Consolidation Loan not cashing his or her disbursement check or otherwise) shall be deposited to the Borrower Benefits Fund and shall remain in the Borrower Benefits Fund until the borrower under the related Consolidation Loan is unable to make a claim for such moneys against the Issuer.

• For that matter, on October 11, 2022, the President signed into law the Joint Consolidation Loan Separation Act, S.

More Definitions of Consolidation Loan

Consolidation Loan means a Student Loan made pursuant to the Higher Education Act to consolidate the Borrower's obligations under various federally authorized student loan programs into a single loan, as supplemented by the addition of any related Add-on Consolidation Loans.

Consolidation Loan means a FFELP Loan designated as such, made by the Transferor to an eligible borrower that represents the refinancing of student loans to such borrower and his or her spouse in accordance with the applicable terms and provisions of the Higher Education Act.

Consolidation Loan means a FFELP Loan made pursuant to Section 428C of the Higher Education Act.

Consolidation Loan means a Student Loan authorized under Section 428C of the Act consolidating Eligible Loans.

Consolidation Loan means a Student Loan authorized under Section 428C of the Higher Education Act.

Consolidation Loan means a Loan made pursuant to Section 428 C of the Act.

Consolidation Loan means a loan made to an Eligible Borrower pursuant to which the Eligible Borrower consolidates two or more of its PLUS/SLS Loans, direct loans made by the Department of Education or Stafford Loans in accordance with the Higher Education Act.