FFELP Loan definition

FFELP Loan means a U.S. federally-insured student loan that has been authorized to be made or held by the Seller as the beneficiary of a student loan trust as part of the FFELP and authorized by the Higher Education Act of 1965, as amended, or the Health Education Assistance Loan Program, as amended, including a Xxxxxxxx, PLUS, Consolidation or HEAL student loan.

FFELP Loan means any student loan made under the Federal Family Education Loan Program, authorized under Title IV of the Higher Education Act, as amended (20 U.S.C. § 1070, et seq.).

FFELP Loan means a Student Loan made pursuant to the Higher Education Act.

Examples of FFELP Loan in a sentence

• We also have purchased and may purchase, in future periods, Private Education Loan and FFELP Loan portfolios from third parties.

• We may also, depending on market conditions and availability, draw down on our secured FFELP Loan and Private Education Loan facilities, issue term ABS, enter into additional Private Education Loan ABS repurchase facilities, or issue additional unsecured debt.

• We adjust this ratio to exclude the assets and equity associated with our FFELP Loan portfolio because FFELP Loans are no longer originated and the FFELP portfolio bears a 3% maximum loss exposure under the terms of the federal guaranty.

• Hedging FFELP Loan Embedded Floor Income Net Floor premiums received on Floor Income Contracts that have not been amortized into “Core Earnings” as of the respective period-ends are presented in the table below.

• We may also, depending on market conditions and availability, draw down on our secured FFELP Loan and Private Education Loan facilities, issue term asset-backed securities (“ABS”), enter into additional Private Education Loan ABS repurchase facilities, or issue additional unsecured debt.

More Definitions of FFELP Loan

FFELP Loan means a student loan which is a PLUS Loan, SLS Loan, Consolidation Loan, Xxxxxxxx Loan or Unsubsidized Xxxxxxxx Loan.

FFELP Loan means a Federal Consolidation Loan, a PLUS Loan, a SLS Loan or a Xxxxxxxx Loan.

FFELP Loan means a loan under the Higher Education Act to an Eligible Borrower for education at an Eligible Institution (or a loan to consolidate the same).

FFELP Loan means a loan to a borrower for or in connection with post-secondary education made pursuant to the Higher Education Act.

FFELP Loan means an education loan made under the Act.

FFELP Loan means any loan that is made pursuant to the FFELP program authorized by the Act, including, without limitation, Consolidation Loans made under Section 428C of the Act.

FFELP Loan means a U.S. federally-insured student loan that has been authorized to be made or held by Borrower as the beneficiary of a student loan trust as part of the U.S. Federal Family Education Loan Program ("FFELP") and authorized by the Higher Education Act of 1965, as amended, or the Health Education Assistance Loan Program, as amended, including Sxxxxxxx, PLUS, Consolidation and HEAL student loans, that (i) satisfies the eligibility requirements determined by Lender pursuant to Section 4.13 (Student Loans) and (ii) is identified in the Schedule of FFELP Loans to be delivered to Lender by Borrower electronically on the Closing Date and maintained on record by Lender, as such schedule may be updated electronically by written notice to Lender by Borrower from time to time.