HEAL loans definition

HEAL loans means loans to finance the graduate education of health professionals ,
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HEAL loans means loans to finance the graduate education of health professionals, which have been made pursuant to the Federal Health Education Assistance Loan Program created pursuant to P.L. 94-484, and which are fully insured or guaranteed as to principal and interest by the United States, its agencies or instrumentalities;
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Examples of HEAL loans in a sentence

  • The contract may contain a limit on the duration of the contract and the number or amount of HEAL loans a lender may make or hold.

  • The applicant must develop and follow written procedures for servicing and collecting HEAL loans.

  • During each year of repayment, a borrower’s payments to all holders of his or her HEAL loans must total the interest that accrues during the year on all of the loans, unless the borrower, in the promissory note or other written agreement, agrees to make payments during any year or any repayment pe- riod in a lesser amount.

  • If the applicant uses procedures more stringent than those required by §§ 681.34 and 681.35 for its other loans of comparable dollar value, on which it has no Federal, State, or other third party guarantee, it must include those more stringent procedures in its writ- ten procedures for servicing and col- lecting its HEAL loans.

  • The lender may make HEAL loans only to an applicant that the lender has determined to be creditworthy.

  • As authorized by section 525 of the Consolidated Appropriations Act, 2014, any repayment plan available under part B of title IV of the HEA (the Fed- eral Family Education Loan Program (FFELP)) is available for servicing, collecting, or enforcing HEAL loans.

  • All eligible loans made by a lender with this type of con- tract are insured immediately upon disbursement.(2) The Secretary will revoke the comprehensive contract of any lender who utilizes procedures which are in- consistent with the HEAL statute and regulations, the lender’s insurance con- tract, or its own loan management pro- cedures set forth in writing pursuant to § 681.31(c), and require that such lenders disburse HEAL loans only under a standard contract.

  • The co-sponsors may split up all remaining responsibilities by contractual agreement.

  • In no case may an eligible nonstu- dent borrower receive a loan that is greater than the sum of the HEAL in- surance premium plus the interest that is expected to accrue and must be paid on the borrower’s HEAL loans during the period for which the new loan is in- tended.

  • For example, 42 U.S.C.§ 292f(g) limits the circumstances in which a debtor may validly discharge Health Education Assistance Loans (HEAL loans) through the bankruptcy process.337 Modifying Section 523(a)(8) to make it easier to discharge non-HEAL loans without making further changes to the U.S. Code could lead to an arguably anomalous result in which debtors carrying non-HEAL loans are treated more favorably than debtors carrying HEAL loans.

Related to HEAL loans

  • Initial Loans means the Eligible Loans evidenced by the Notes sold on the Closing Date pursuant to the Initial Purchase Agreement and related documentation, together with any guaranties and other rights relating thereto including, without limitation, Interest Subsidy Payments and Special Allowance Payments.

  • Original Loans means the loans and other extensions of credit outstanding under the Original Credit Agreement as of the Effective Date.

  • Total Loans at any time, the aggregate principal amount of the Loans of the Lenders outstanding at such time (after converting the outstanding principal amount of any Loans denominated in the Optional Currency into the Dollar Equivalent thereof at such time).

  • Loans means the loans made by the Lenders to the Borrower pursuant to this Agreement.

  • Additional Loans means any Additional Revolving Loans and any Additional Term Loans.

  • Second Lien Loans means “Loans” under and as defined in the Second Lien Credit Agreement.

  • Incremental Loans has the meaning assigned to such term in Section 2.22(a).

  • Delayed Draw Term Loans has the meaning as set forth in Section 2.5(a).

  • Term Loans as defined in Section 2.1.

  • First Lien Loans means the loans made under the First Lien Credit Agreement.

  • Revolving Loans shall have the meaning assigned to such term in Section 2.1(a).

  • Canadian Loans means, individually and collectively as the context may require, the Canadian Revolving Loans, the Canadian Swingline Loans, the Canadian Overadvances and the Canadian Protective Advances.

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • New Loans means Loans made by the Failed Bank after the Bid Valuation Date that are not continuations, amendments, modifications, renewals, extensions, refinancings, restructurings, or refundings of or for any then existing Loan.

  • Group I Loans The Mortgage Loans designated on the Mortgage Loan Schedule as Group I Loans.

  • Existing Loans shall have the meaning assigned to such term in Section 2.21(a).

  • Refinanced Loans has the meaning specified in Section 10.01.

  • Committed Loans means loans made pursuant to Section 2.1(a).

  • U.S. Revolving Loans has the meaning set forth in Section 2.1(a).

  • Other Loans means one or more Classes of Loans that result from a Refinancing Amendment or a Loan Modification Agreement.

  • Term Loan Borrowing means a borrowing consisting of Term Loans made on the same day by the Term Loan Lenders ratably according to their respective Term Loan Commitments.

  • Revolving Facility Loans shall include the Other Revolving Loans.

  • Group II Loans The Mortgage Loans designated on the Mortgage Loan Schedule as Group II Loans.

  • Tranche A Loans means the Loans made pursuant to the Tranche A Commitment.