Examples of Private education loan in a sentence
Private education loan: As the term is defined in 12 CFR 226.46(b)(5), a loan provided by a private educational lend- er that is not a title IV loan and that is issued expressly for postsecondary education expenses to a borrower, re- gardless of whether the loan is pro- vided through the educational institu- tion that the student attends or di- rectly to the borrower from the private educational lender.
Private education loan" means an extension of credit that is extended to a consumer expressly, in whole or in part, for postsecondary education expenses, regardless of whether the loan is provided by the education institution that the student attends, and that is not made, insured or guaranteed under the federal Higher Education Act of 1965, 20 United States Code, Chapter 28, Subchapter IV.
Private education loan certification and information.TITLE V—EFFECTIVE DATE; TRANSITIONSec.
Private education loan collection action" means any judicial action in which a claim is asserted to collect on a defaulted private education loan.[PL 2021, c.
Private education loan borrower" or "borrower" means any resident of this State who has received or agreed to pay a private education loan for the borrower's own education expenses.[PL 2021, c.