Special Allowance Payments definition

Special Allowance Payments means payments, designated as such, consisting of effective interest subsidies by the Department in respect of the Trust Student Loans to the Eligible Lender Trustee on behalf of the Trust in accordance with the Higher Education Act.

Special Allowance Payments means special allowance payments authorized to be made by the Secretary of Education pursuant to Section 438 of the Higher Education Act or similar allowances authorized from time to time by federal law or regulation.

Special Allowance Payments means the special allowance payments authorized to be made by the Secretary by Section 438 of the Higher Education Act, or similar allowances, if any, authorized from time to time by federal law or regulation.

Examples of Special Allowance Payments in a sentence

• Loans Eligible for Special Allowance Payments See 34 CFR section 682.302(b) for details on loans eligible for special allowance payments.

• ED computes the special allowance payment due to the lender during processing of the LaRS (34 CFR sections 682.304 through 682.305).Loans Eligible for Special Allowance Payments See 34 CFR section 682.302(b) for details on loans eligible for special allowance payments.

• The Seller shall be entitled to all Interest Subsidy Payments and Special Allowance Payments on the Loans up to but not including the related Purchase Date, and shall be responsible for the payment of fees, if any, applicable to Loans accruing up to but not including the related Purchase Date.

• Special Allowance Payments are paid with respect to Federal SLS Loans and Federal PLUS Loans made on or after July 1, 1987 and prior to October 1, 1992 only if the interest rate that would otherwise apply (notwithstanding any applicable interest rate caps) exceeds 12% per annum.

• Special Allowance Payments are made with respect to Federal PLUS Loans made on or after July 1, 1998 and prior to January 1, 2000 only if the interest rate that would otherwise apply (notwithstanding any applicable interest rate cap) exceeds 9% per annum.

More Definitions of Special Allowance Payments

Special Allowance Payments means special allowance payments on FFELP student loans authorized to be made by the Department pursuant to Section 438 of the Higher Education Act.

Special Allowance Payments shall have the meaning assigned to such term in the Indenture.

Special Allowance Payments means special allowance payments on FFELP loans authorized to be made by the Department pursuant to Section 438 of the Higher Education Act.

Special Allowance Payments means the special allowance payments authorized to be made by the Secretary by Section 438 of the Higher Education Act, or similar allowances, if any, authorized from time-to-time by federal law or regulation.

Special Allowance Payments means special allowance payments on Student Loans authorized to be made by the Department of Education pursuant to Section 438 of the Higher Education Act, or similar allowances authorized from time to time by federal law or regulation. “Xxxxxxxx Loan” means a loan designated as such that is made under the Xxxxxx X. Xxxxxxxx Student Loan Program in accordance with the Higher Education Act. “Student Loan” means a Consolidation Loan, a PLUS Loan, an SLS Loan or a Xxxxxxxx Loan.

Special Allowance Payments means payments, designated as such, consisting of effective interest subsidies by the Department in respect of the Trust Student Loans to the Eligible Lender Trustee on behalf of the Trust in accordance with the Higher Education Act. "SPECIFIED RESERVE ACCOUNT BALANCE" with respect to any Distribution Date means the greater of (i) 0.25% of the Pool Balance as of the close of business on the last day of the related Collection Period and (ii) $3,761,650, provided that in no event will that balance exceed the Outstanding Amount of the Notes. For these purposes, as to any class of Reset Rate Notes then bearing interest at a fixed rate, the Outstanding Amount of that class of Reset Rate Notes (or its U.S. Dollar Equivalent Principal Amount, if applicable) will be reduced by any amounts on deposit in the Accumulation Account for that class (exclusive of any Investment Earnings).

Special Allowance Payments means the special allowance payments authorized to be made pursuant to Section 438 of the Act or similar allowances authorized from time to time by federal law or regulation.