Sentences with phrase «graduate and professional borrowers»

This would not be the case for many graduate and professional borrowers under PROSPER.

Not exact matches

Payments are made for up to 20 years (25 years for borrowers with Direct Loans obtained for graduate and professional study).

Unsubsidized loans, which accrue interest during the borrower's time enrolled in school, are available for graduate and professional students through the Direct Stafford Loan program with the Department of Education.

These graduate and professional student PLUS borrowers may defer repayment during the six months after they leave school.

In the past, large - balance borrowers posed less of a risk to taxpayers and were unlikely to struggle with their loans because most went to graduate or professional schools, borrowed modest amounts and had strong labor market outcomes.

A loan made by the U.S. Department of Education to graduate or professional students and parents of dependent undergraduate students for which the borrower is fully responsible for paying the interest regardless of the loan status.

Borrowers in REPAYE whose only eligible Direct loan debt is for undergraduate education will have any outstanding balance forgiven after 20 years of repayment, and borrowers with eligible Direct loan debt received for any graduate or professional education will have their balance forgiven after Borrowers in REPAYE whose only eligible Direct loan debt is for undergraduate education will have any outstanding balance forgiven after 20 years of repayment, and borrowers with eligible Direct loan debt received for any graduate or professional education will have their balance forgiven after borrowers with eligible Direct loan debt received for any graduate or professional education will have their balance forgiven after 25 years.

Undergraduate, graduate, and professional degree students may also qualify for federal Perkins loan s. Instead of the federal government acting as the lender, borrowers make payments directly to the school that made the loan.

The maximum loan amount is $ 150,000 for borrowers with a bachelors degree and $ 250,000 for a graduate, medical, law or other professional degrees.

Federal Direct PLUS Loans are available to both parents and graduate / professional students, therefore the parent (or the graduate / professional student, if applicable) is considered to be the primary borrower and is responsible for repaying the loan.

We estimate a total increase of 27,755 hours of burden for graduate and professional student PLUS borrowers at public institutions (18,503 hours for the collection and submission of documentation of extenuating circumstances or to obtain an endorser who does not have an adverse credit history plus an additional 6,325 hours of enhanced counseling for borrowers with extenuating circumstances and an additional 2,927 hours of enhanced counseling for the borrowers who receive a loan after obtaining an endorser who does not have an adverse credit history) under OMB Control Number 1845 - 0129.

We estimate that the enhanced PLUS loan borrower counseling requirements for each graduate and professional student who qualifies for a PLUS loan based on extenuating circumstances will, on average, increase loan counseling by 0.50 hours (30 minutes).

Discussion: We appreciate the support of the commenter who agreed that the adverse credit history requirements should apply to both parent and graduate and professional student borrowers.

We estimate a total increase of 50,391 hours of burden for graduate and professional PLUS borrowers at private non-profit institutions (33,594 hours for the collection and submission of documentation of existing extenuating circumstances or to obtain an endorser who does not have an adverse credit history plus an additional 10,712 hours of enhanced counseling for borrowers who received a loan after demonstrating that extenuating circumstances exist and an additional 6,085 hours of enhanced counseling for the borrowers who received a loan after obtaining an endorser who does not have an adverse credit history) under OMB Control Number 1845 - 0129.

The commenter argued that the typical borrowing profiles of parents and of graduate and professional students are quite different, and believed that different definitions of «adverse credit history» would allow variations in the credit approval process tailored to each type of borrower.

We disagree with the commenter who recommended separate definitions of «adverse credit history» for parent and graduate and professional student borrowers.

We estimate a total increase of 3,640 hours of burden for graduate and professional student borrowers at foreign institutions (2,426 hours for the collection and submission of documentation of extenuating circumstances, or to obtain an endorser who does not have an adverse credit history, plus an additional 753 hours of enhanced counseling for borrowers who qualify for a loan after demonstrating that extenuating circumstances exist, and an additional 461 hours of enhanced counseling for the borrowers who receive a loan after obtaining an endorser who does not have an adverse credit history) under OMB Control Number 1845 - 0129.

We estimate a total increase of 16,477 hours of burden for graduate and professional student PLUS borrowers at private for - profit institutions (10,984 hours for the collection and submission of documentation of existing extenuating circumstances or to obtain an endorser who does not have an adverse credit history, plus an additional 3,804 hours of enhanced counseling for borrowers who qualify for a loan after demonstrating that extenuating circumstances exist, and an additional 1,689 hours of enhanced counseling for the borrowers who receive a loan after obtaining an endorser who does not have an adverse Start Printed Page 63329credit history) under OMB Control Number 1845 - 0129.

Yet 80 percent of borrowers in PSLF borrowed more than that, meaning the program is dominated by students who attended graduate and professional school.

Recent figures on budget costs, enrollment, and projected loan forgiveness all point to a public service loan forgiveness bonanza on the horizon — one that will significantly distort incentives and pricing in higher education and disproportionately benefit borrowers with graduate and professional degrees.

Recent research suggests that borrowers in certain professions stand to have their entire graduate and professional educations paid for through loan forgiveness under PSLF.

Offers loan forgiveness after 20 years of qualifying payments (25 years for borrowers with Direct Loans obtained for graduate and professional study).

Payments are made for up to 20 years (25 years for borrowers with Direct Loans obtained for graduate and professional study).

FDIC - insured and established in 2006, Darien Rowayton Bank has helped thousands of professionals with graduate and undergraduate degrees across the country to refinance and consolidate over $ 3 billion in federal and private school loans, saving these borrowers thousands of dollars each.

The types of federal student loans are Perkins, Direct Stafford, Direct PLUS (graduate and professional degree student borrowers), Direct PLUS (parent borrowers) and Direct Loan Consolidation.