The rate at which finance charges are calculated. The rate is either variable or fixed, based on an index. The bank, savings and loan, credit union or other approved entity from which funds for a student loan has been obtained. The lender's span within which a loan must be repaid to the lender or servicer. The official date recorded by the school s registrar to indicate when a student graduates, drops below half-time enrollment or withdraws from school.
Grace periods begins the next day.
May be either the holder of your loan or an agent acting on behalf of the holder. Federal loans for financially independent students. This program was eliminated in 1994 with the creation of the Unsubsidized Stafford Loan program. The government pays the interest on a subsidized loan for borrowers while they are in-school, grace and during specified deferment periods. A Federal requirement that no single installment payment of a graduated or income sensitive repayment schedule may be more than three times greater than any other installment payment.