Consolidation Loan definition

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

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

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

You shall pay interest on the outstanding on the Debt Consolidation Loan Account at such rate(s) indicated in the Approval Letter or as we may from time to time at our discretion specify by notice to you with effect from the Debt Consolidation Date.
You shall make prompt payment of the monthly repayment amount to us on or before the due dates for payment as stated in the Approval Letter until full payment of the outstanding on the Debt Consolidation Loan Account has been received by us.
On the Closing Date, the Administrator shall cause the Trust to deposit the Add-On Consolidation Loan Account Initial Deposit into the Add-On Consolidation Loan Account.
The Add-On Consolidation Loan Account will initially be established as a segregated trust account in the name of the Indenture Trustee with the corporate trust department of Deutsche Bank Trust Company Americas.
The Debt Consolidation Facility shall consist of the Debt Consolidation Loan Account and the accompanying Revolving Credit Facility (the “Debt Consolidation Facility”).

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 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 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 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 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.