Alternative Loans definition

Alternative Loans means Student Loans that are originated under Alternative Loan Programs.
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Alternative Loans means loans that the Lenders shall have the right to elect, in lieu of (whether in whole or in part) the Permanent Securities to be issued pursuant to any Securities Demand.
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Alternative Loans means Alternative Construction Loans, Equity Access Loans and PrimeFirst® Loans.
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Examples of Alternative Loans in a sentence

  • Students should consult the local office of the Bureau of Vocational Rehabilitation for more information.Private or Alternative Loans Some private lenders provide student loan resources outside of the federal loan programs.

  • 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 Xxxxxxx 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 Xxxxxxx Loans, Federal PLUS Loans and Alternative Loans.

  • Alternative Loans are offered by many lenders through their own private loan programs.

  • Private Alternative Loans: You will also find information on other loan resources at www.marian.edu/financialaid.

  • Alternative Loans sometimes provide funds to complete the remaining need after the student is awarded other financial aid.

  • Alternative/Private LoansOther Non-Federal/Private Loans, sometimes called Alternative Loans, are available to all students to help fill the gap that sometimes exists between the cost of a Chatham education and a financial aid award.

  • This application is commonly known as “the FAFSA.” Please note the FAFSA can be required for the Private Alternative Loans.

  • An SMP operator is required to submit to URCA, every six (6) months, an assessment of its prices for Price Regulated Services, demonstrating that its price for each Price Regulated Service does not result in a Margin squeeze.

  • Schell – Fifth/Third Bank Trustee No Interest Loan (if funding is available)• Private Alternative Loans, (credit-based) offered by various lenders• Paul J.


More Definitions of Alternative Loans

Alternative Loans means any of the types of Mortgage Loans listed on Schedule 1 hereto, as the same may be amended from time to time by written agreement between MLCC and Cendant.
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Alternative Loans. No minimum credit enrollment. By choosing to utilize an alternative loan it is your responsibility to apply through an outside lender of your choice. You will complete the entire application process and receive approval from them. Please clearly specify the loan period as the time you will be enrolled for the Consortium Agreement. During this process, the lender will contact your home school to certify the loan based on your approved enrollment and COA. If approved, the lender will then send the home school the funds to credit to your account. * Please note that in order to receive a Federal Direct Loan for the first time, the electronic Master Promissory Note must be signed and online Entrance Counseling be completed before aid will disburse. If you have any questions, please contact the Financial Aid Office.
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Alternative Loans means Alternative Construction Loans, Equity Access Loans and PrimeFirst® Loans. “Applicable Requirements” shall mean and include, as of the time of reference, collectively, (A) with respect to the Mortgage Loans, all of the following: (i) all contractual obligations, including without limitation those contractual obligations contained in this Agreement, in any agreement with any insurer or in the applicable Mortgage Loan; (ii) all applicable federal, state and local legal and regulatory requirements (including statutes, rules, regulations, administrative interpretations and ordinances as well as any of the foregoing applicable to MLCC by virtue of its state licenses, qualifications and exemptions and by virtue of its being a subsidiary of MLBUSA); (iii) all other applicable requirements and guidelines of each investor, insurer, governmental agency, board, commission, instrumentality and other governmental body or office having jurisdiction; (iv) all other applicable judicial and administrative judgments, orders, stipulations, awards, writs and injunctions; (v) the reasonable and customary mortgage origination practices of prudent mortgage lending institutions which make mortgage loans of the same type as the Mortgage Loans in the jurisdictions in which the related Mortgaged Properties are located; (vi) any Mortgage Lending Laws; and (vii) any applicable MLCC and MLBUSA internal policies and procedures, as revised from time to time in accordance with the terms hereof, and (B) the Foreign Corrupt Practices Act of 1977, as amended. “Approval Letter” shall mean a correspondence issued to an applicant for a Mortgage Loan, in MLCC’s name by PHH, approving an application for a Mortgage Loan. PHH shall use PHH’s standard form of approval letter subject only to such changes as the Parties shall mutually agree upon from time to time. “Assignment” shall mean a document, sufficient under the laws of the jurisdiction where the related Mortgaged Property is located, to reflect all transfers of the Mortgage Instrument and the Mortgage Note. “Business Day” shall mean any day that is not a Saturday, Sunday or other day on which either (i) commercial banks are required or authorized by law to be closed in the City of New York or the State of Utah or (ii) the New York Stock Exchange is required or authorized by law to be closed. “Concession(s)” shall mean, with respect to a Mortgage Loan, (i) an MLCC approved deviation from the applicable rate sheet regarding interest rate,...
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Alternative Loans means any of the types of Mortgage Loans listed on Schedule 1 hereto, as the same may be amended from time to time by written agreement between MLCC and Cendant. “Mortgage Loan” means a domestic, consumer purpose, one-to-four-family (including cooperatives and condominiums) residential purchase money or refinance closed-ended mortgage loan or open-ended mortgage loan. The term “Mortgage Loan” as used herein shall include, but not be limited to, Conforming Conventional Mortgage Loans, Jumbo/Non-Conforming Mortgage Loans, PrimeFirst® Loans, Construction Loans, Equity Access Loans, Three Year ARMs, and Five Year ARMs. This definition is subject to the terms of Section 1(d). Section 1(a) of the Origination Agreement is further amended by adding, in alphabetical order, the following defined terms: “Five Year ARMs” means an adjustable rate Mortgage Loan for which the interest rate is fixed for the first five (5) years thereof.
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Alternative Loans through Your Personal Bank or Credit Union It is also possible to apply for educational loans through your personal bank or credit union. These are still considered educational loans and have the same deferred-payment policy as loans obtained through the school. (The UO financial aid office calls these “alternative loans.”) Depending on your relationship with your bank, you may find better rates than those available through the school. In some cases, students with home equity use these lines of credit to fund their schooling. To investigate these alternative loans, check with your bank. How to Apply for a Student Loan Before applying for an unsubsidized loan or a Graduate PLUS loan, you must fulfill the following three requirements:  You must be fully admitted to the Oregon Executive MBA  You must be fully admitted to the University of Oregon  You must have already claimed your Duck ID (See your handbook “Welcome to the Oregon Executive MBA” for information on logging into DuckWeb and claiming your Duck ID.) Alternative loans can be applied for at any time. Applying for Unsubsidized Federal Loans To receive an unsubsidized federal loan at the University of Oregon for participation in the Oregon Executive MBA program you must complete the following four steps. People who complete each step promptly report that the entire process takes about a month from start to finish. See below for detailed instructions.
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Alternative Loans has the meaning set forth in Section 2.4(a).
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Related to Alternative Loans

  • Cooperative Loans Any of the Mortgage Loans made in respect of a Cooperative Apartment, evidenced by a Mortgage Note and secured by (i) a Security Agreement, (ii) the related Cooperative Stock Certificate, (iii) an assignment of the Cooperative Lease, (iv) financing statements and (v) a stock power (or other similar instrument), and ancillary thereto, a recognition agreement between the Cooperative and the originator of the Cooperative Loan, each of which was transferred and assigned to the Trustee pursuant to Section 2.01 and are from time to time held as part of the Trust Fund.

  • Replacement Loans has the meaning specified in Section 10.01.

  • Replacement Revolving Loans shall have the meaning assigned to such term in Section 2.21(l).

  • Cooperative Loan Any Mortgage Loan secured by Cooperative Shares and a Proprietary Lease.

  • 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.

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

  • Revolving Facility Loans shall include the Other Revolving Loans.

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

  • 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.

  • Tranche B Loans means loans made pursuant to Section 2.1(a)(ii).

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

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

  • Revolving Facility Loan means a Loan made by a Revolving Facility Lender pursuant to Section 2.01.

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

  • Funding Loan means the Funding Loan in the original maximum principal amount of $ made by Funding Lender to Governmental Lender under the Funding Loan Agreement, the proceeds of which are used by the Governmental Lender to make the Borrower Loan.

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

  • Refinancing Loans means the Refinancing Revolving Loans and the Refinancing Term Loans.

  • Extended Loans has the meaning specified in Section 2.17(a).

  • Domestic Loans means CD Loans or Base Rate Loans or both.

  • Bridge Loans means the Loans (as defined in the Bridge Credit Agreement).

  • Term Loans as defined in Section 2.1.

  • Impacted Loans has the meaning specified in Section 3.03.

  • Fixed Rate Loans means Euro-Dollar Loans or Money Market Loans (excluding Money Market LIBOR Loans bearing interest at the Base Rate pursuant to Section 8.01(a)) or any combination of the foregoing.

  • Refinanced Loans has the meaning specified in Section 10.01.