Direct Loans definition

Direct Loans means loans made by the Project Implementing Entity directly to Final

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Direct Loans as defined in the Funding Agreement.

Direct Loans means loans made pursuant to the ▇▇▇▇▇▇▇ ▇. ▇▇▇▇ Federal Direct Loan Program, codified under 20 U.S.C. § 1087a-j.

Examples of Direct Loans in a sentence

• If there is an additional credit balance made up of non-Title IV funds, it will be refunded in the following order, up to the amount received for the term of withdrawal: Federal Unsubsidized Direct Loans, Federal Subsidized Direct Loans, Federal ▇▇▇▇▇▇▇ Loans, Federal PLUS Loans, Alternative Loans, other loans, other aid (if required), and student.

• If there is additional money to be refunded from federal funds after calculating the Return of Title IV formula and the refund policy, the refund will be made to the student or, with the student’s authorization, to the federal loan program(s) in the following order, up to the amount received for the term of withdrawal: Federal Unsubsidized Direct Loans, Federal Subsidized Direct Loans, Federal ▇▇▇▇▇▇▇ Loans, Federal PLUS Loans and Alternative Loans.

• If the student received more than the amount of Federal student financial assistance earned, the difference will be returned to the Federal student financial assistance programs from which funds were received in the following order: Federal Unsubsidized Direct Loans, Federal Subsidized Direct Loans, Federal PLUS Loans, Federal Pell Grant, FSEOG.

• If the student received more than the amount of federal student financial assistance earned, the difference will be returned to the federal student financial assistance programs from which funds were received in the following order: Federal Unsubsidized Direct Loans, Federal Subsidized Direct Loans, Federal ▇▇▇▇▇▇▇ Loans, Federal PLUS Loans, Federal Pell Grant, FSEOG.

• You agree that all amounts you owe on previous Part-Time Direct Loans will be administered and paid under the Terms and Conditions of the Part-Time-MSFAA- Canada and that all such amounts are consolidated into and form part of your Outstanding Loan Balance.

• If there is additional money to be refunded from Federal Title IV funds, the refund will be made to the student, or with the student’s written authorization, to Federal Loans from which funds were received, in this order: Federal Unsubsidized Direct Loans, Federal Subsidized Direct Loans, Federal PLUS Loans.

• If the student received more than the amount of Federal student financial assistance earned, the difference will be returned to the Federal student financial assistance programs from which funds were received in the following order: Federal Unsubsidized Direct Loans, Federal Subsidized Direct Loans, Federal ▇▇▇▇▇▇▇ Loans, Federal PLUS Loans, Federal Pell Grant, FSEOG.

• If there is an additional credit balance remaining after the Federal refund is made, under College policy, refunds will be made in this order, to programs from which funds were received: Federal Unsubsidized Direct Loans, Federal Subsidized Direct Loans, Federal PLUS Loans, other loans, other aid (if required), student.

• You agree that all amounts you owe on previous Direct Loans will be administered and paid under the Terms and Conditions of the MSFAA-NB, and that all such amounts are consolidated into and form part of your Outstanding Loan Balance.

• Interest will not accrue on Part-Time Direct Loans while you are a Part- Time or Full-Time Student and during the six months following the month you cease to be a student, whether Part-Time or Full-Time.

More Definitions of Direct Loans

Direct Loans means loans made by the Project Implementing Entity directly to Final Beneficiaries through Window 3 or Window 4 under Part 1 of the Project.

Direct Loans means loans made pursuant to the Direct Loan program introduced in 1994 in which the federal government issues loans directly to the borrower.

Direct Loans has the meaning given to that term in Section 2.01.

Direct Loans means loans as defined by ACA 15-103 (13) and including bond anticipation loans.