Sentences with phrase «direct loan contracts»
The Department of Education has said that it intends to «re-compete» the Direct Loan contracts next year.
http://www.studentloanborrowerassistance.org/ Not exact matches
The promissory note is a «promise to pay» contract between you and the lender that is providing your loan money (if you have a Direct Loan, the lender is the federal governmeloan money (if you have a Direct Loan, the lender is the federal governmeLoan, the lender is the federal government).
Each Federal department and agency which is empowered to extend Federal financial assistance to any program or activity, by way of grant, loan, or contract other than a contract of insurance or guaranty, is authorized and directed to effectuate the provisions of section 601 with respect to such program or activity by issuing rules, regulations, or orders of general applicability which shall be consistent with achievement of the objectives of the statute authorizing the financial assistance in connection with which the action is taken.
In recent years, the government has contracted them to service other kinds of Department of Education loans, like the Direct Loans and Perkins Loans progloans, like the Direct Loans and Perkins Loans progLoans and Perkins Loans progLoans programs.
Federal loan promissory notes and applications will state the name of the federal loan program (Stafford, PLUS, Perkins, FFEL, William D. Ford Direct Loan Program, etc.) at the top of your monthly bill, and loan contrloan promissory notes and applications will state the name of the federal loan program (Stafford, PLUS, Perkins, FFEL, William D. Ford Direct Loan Program, etc.) at the top of your monthly bill, and loan contrloan program (Stafford, PLUS, Perkins, FFEL, William D. Ford Direct Loan Program, etc.) at the top of your monthly bill, and loan contrLoan Program, etc.) at the top of your monthly bill, and loan contrloan contract.
Once you add your electronic signature to the lender's contract, they will distribute the loan funds to your checking account via direct deposit.
If your credit history reveals that you have any unpaid collection accounts, accounts that are currently ninety days or more in delinquency, lease or contract terminated by default, tax lien within the past five years (whether county, state or federal tax), foreclosure within the last five years, bankruptcy within the last five years, wage garnishment within the last five years, you may be denied the Direct PLUS Loans.
The typical distinction between a derivative and an asset - backed security is that a derivative is not direct ownership in anything, but rather is a contract who's value is derived from another security (typical examples are options and futures), whereas ABS represents a (partial) ownership stake in some real asset (such as credit card loans, mortgages, etc.).
The company was contracted with the federal government to service loans from the Direct Loan program.
The Department has terminated its contract with ACS (Xerox) and is in the process of transferring services previously performed by ACS, including the Direct Loan consolidation process.
Recommendation: To strengthen Education's oversight of the loan rehabilitation process, the Secretary of Education should direct the Office of Federal Student Aid's Chief Operating Officer to take steps to ensure that the final monitoring plan for the new defaulted loan information system contract identifies risks presented by the contractor or contract work and the oversight activities planned to address those risks.
The Obama administration has also proposed contracting with some of the larger FFEL program lenders to service the Direct Loan program loans to mitigate this risk.
It depends on a few factors: your loan type, your payment plan, and who you work for specifically (i.e. are you a direct employee of the district or a contract worker).
There are nine companies with contracts to service student loans issued under the Direct Loan Program, the federal government's largest education lending program, and the Federal Family Education Loan (FFEL) Program.
The caller has a legal problem in relation to a loan, contract of guarantee, credit account or other banking service (such as a direct debit arrangement)