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

Examples of Consolidation Loan in a sentence

  • Interest does accrue during a deferment on a Direct Unsubsidized Loan, a Direct PLUS Loan, a Direct Unsubsidized Consolidation Loan, an unsubsidized Federal Stafford Loan, a Federal PLUS Loan, or a Federal SLS Loan.

  • Interest does not accrue during a deferment on a Direct Subsidized Loan, a Direct Subsidized Consolidation Loan, a subsidized Federal Stafford Loan, or, in some cases, the subsidized portion of a Federal Consolidation Loan (see Note).

  • The example compares the effects of paying the interest as it accrues or allowing it to capitalize.A co-maker is one of the two individuals who are joint borrowers on a Direct or Federal Consolidation Loan or a Federal PLUS Loan.

  • The Federal In- sured Student Loan Program, the Fed- eral Supplemental Loans for Students Program, the Federal PLUS Program, and the Federal Consolidation Loan Program.Federal Insured Student Loan Program.

  • A guaranty agency may charge collection costs in an amount not to exceed 18.5 percent of the outstanding principal and interest on a defaulted FFELP loan that is paid off by a Federal Consolidation Loan.


More Definitions of Consolidation Loan

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.
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 disbursement of money, contingent upon an agreement to repay, made by the Lender pursuant to Section 428C of the Act (20 U.S.C. Section 1078.3), or any successor enactment thereto, the Policies, and this Agreement.
Consolidation Loan means a Financed Student 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 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 Student Loan made pursuant to Section 428C of the Higher Education Act.