Unsubsidized Xxxxxxxx Loan definition

Unsubsidized Xxxxxxxx Loan means a Loan made pursuant to Section 428H of the Higher Education Act.
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Unsubsidized Xxxxxxxx Loan means a FFELP Loan designated as such that is made under ss. 428H of the Higher Education Act.
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Unsubsidized Xxxxxxxx Loan. This loan is based on need. The student is charged interest from the time the loan is disbursed. The student may elect to pay the interest while in school or the student may choose to capitalize the interest (Interest payments are added to the principal amount of the loan). Capitalizing interest will increase the amount the student is required to repay. Repayment begins six months after the student ceases to be enrolled at least half-time.
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Examples of Unsubsidized Xxxxxxxx Loan in a sentence

  • The federal formula requires a return of any unearned Title IV aid if the student received federal financial assistance in the form of a Pell Grant, Federal Subsidized Xxxxxxxx Loan, Federal Unsubsidized Xxxxxxxx Loan, or Federal PLUS loan and withdrew on or before completing 60% (528 hrs) of the total clock hours.

  • Federal Unsubsidized Xxxxxxxx Loan This is a fixed rate loan, administered by lenders, and is not based on need.

  • Such interest shall be paid or capitalized in the same manner as interest on a Federal Direct Unsubsidized Xxxxxxxx Loan is paid or capitalized under section 1078–8(e)(2) of this title.

  • The interest rate and repayment terms of this loan are the same as those of the Federal Unsubsidized Xxxxxxxx Loan.

  • The debt portion was accreting up to the original face value at maturity, with the accretion and interest paid expensed to profit or loss.

  • The applicant has stated that the location of the caravan allows for privacy for the occupant, as well as security of the facility.

  • 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: Unsubsidized Xxxxxxxx Loan, Unsubsidized Direct Loan, Subsidized Xxxxxxxx Loan, Subsidized Direct Loan, Xxxxxxx Loan, PLUS Loan, Pell Grant, ACG, SMART, SEOG.


More Definitions of Unsubsidized Xxxxxxxx Loan

Unsubsidized Xxxxxxxx Loan means a Student Loan made pursuant to Section 428H of the Higher Education Act.
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Unsubsidized Xxxxxxxx Loan means a Financed Student Loan designated as such that is made under Section 428H of the Higher Education Act. SCHEDULE A TO THE THIRD SUPPLEMENTAL SALE AND SERVICING AGREEMENT SCHEDULE OF FINANCED STUDENT LOANS Located in the custody of Bankers Trust Company as Trustee SCHEDULE B TO THE THIRD SUPPLEMENTAL SALE AND SERVICING AGREEMENT LOCATION OF FINANCED STUDENT LOAN FILES Documents relating to the Financed Student Loans in the custody of the Master Servicer (including original notes) are stored at Trans-World Insurance Company's offices located at 0000 X Xxxxxx, Xxxxx 000-X, Xxxxxxxxxx, Xxxxxxxxxx 00000. EXHIBIT A TO THE THIRD SUPPLEMENTAL SALE AND SERVICING AGREEMENT Form of Noteholders' Statement pursuant to Section 5.7(a) of Third Supplemental Sale and Servicing Agreement (capitalized terms used HEREIN ARE DEFINED IN APPENDIX A THERETO) Note Distribution Date:_____________________
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Related to Unsubsidized Xxxxxxxx Loan

  • Subsidized Xxxxxxxx Loan means a Loan for which the interest rate is governed by Section 427A(a) or 427A(d) of the Higher Education Act.

  • Xxxxxxxx Loan means a Subsidized Xxxxxxxx Loan or an Unsubsidized Xxxxxxxx Loan.

  • Subloan means a loan made or proposed to be made partially out of the proceeds of the Loan by a Participating Bank to a Beneficiary (as such term is hereinafter defined) under Parts D and I of the Project for the financing of the investments and associated working capital under Subprojects (as such term is hereinafter defined);

  • Buydown Loan A Mortgage Loan for which the Mortgage Interest Rate has been subsidized through a Buydown Fund provided at the time of origination of such Mortgage Loan.

  • Jumbo Loan means a Mortgage Loan (other than a Conforming Loan) that (1) is underwritten by an Approved Investor (other than Xxxxxx Xxx, Xxxxxxx Mac or Xxxxxx Mae), (2) matches all applicable requirements for purchase under the requirements of a Take-Out Commitment issued for the purchase of such Mortgage Loan, (3) differs from a Conforming Loan solely because the principal amount of such Mortgage Loan exceeds the limit set for Conforming Loans by Xxxxxx Xxx or Xxxxxxx Mac from time to time, and (4) is a First Lien Mortgage Loan.

  • VA Loan means a Mortgage Loan which is subject of a VA Loan Guaranty Agreement as evidenced by a loan guaranty certificate, or a Mortgage Loan which is a vendor loan sold by the VA.

  • SOFR Loan means a Loan that bears interest at a rate based on Term SOFR, other than pursuant to clause (c) of the definition of “Alternate Base Rate”.

  • MBA Delinquency Method Under the MBA Delinquency Method, a loan due on the first of the month is considered 30 days delinquent when all or part of one or more payments remains unpaid as of close of business on the last Business Day of such month.

  • SOFR Borrowing means, as to any Borrowing, the SOFR Loans comprising such Borrowing.

  • Loan Group 3 The Group 3 Mortgage Loans.

  • All-terrain type I vehicle means the same as that term is defined in Section 41-22-2.

  • Borrowing Minimum means (a) in the case of a Borrowing denominated in US Dollars, $5,000,000, (b) in the case of a Borrowing denominated in Canadian Dollars, Cdn.$5,000,000, (c) in the case of a Borrowing denominated in Sterling, £5,000,000 and (d) in the case of a Borrowing denominated in Euro, €5,000,000.

  • Term SOFR Borrowing means, as to any Borrowing, the Term SOFR Loans comprising such Borrowing.

  • Floating Rate Advance means an Advance which bears interest at the Floating Rate.

  • Fixed Rate Loan means a Competitive Loan bearing interest at a Fixed Rate.

  • Daily Simple SOFR Loan means any Loan that bears interest at a rate determined by reference to the Adjusted Daily Simple SOFR.