Sentences with phrase «guaranty agency in»
For 30 years, NSLP, a private, non-profit student loan guaranty agency in the Federal Family Education Loan (FFEL) program, has been serving the financial aid industry.
http://www.nslp.org/
NSLP is a non-profit national student loan guaranty agency in the Federal Family Education Loan (FFEL) program.
The routine uses of this information include, but are not limited to, its disclosure to federal, state, or local agencies, to private parties such as relatives, present and former employers, business and personal associates, to consumer reporting agencies, to financial and educational institutions, and to guaranty agencies in order to verify your identity, to determine your eligibility to receive a loan or a benefit on a loan, to permit the servicing or collection of your loan (s), to enforce the terms of the loan (s), to investigate possible fraud and to verify compliance with federal student financial aid program regulations, or to locate you if you become delinquent in your loan payments or if you default.
Not exact matches
Wilson, who was raised in upstate Johnstown, once served on President Obama's automobile - industry restructuring task force and was recently made a member of the advisory committee of the federal Pension Benefit Guaranty Corp., an independent agency that insures private pension plans.
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.
To counsel you in repayment efforts, disclosures may be made to guaranty agencies, to financial and educational institutions, or to federal, state, or local agencies.
If you have a federal student loan in default, up to 15 % of your disposable pay could be taken by the federal government or a guaranty agency to repay your debt.
The National Council of Higher Education Loan Programs stated in March 2009 that guaranty agencies would not offset state tax rebates of all borrowers who made the required rehabilitation payments and continued to make payments while waiting for a buyer to purchase their loans.
Should you notice that you are advised to contact the Debt Collection Service, or DCS, this refers to an office within the U.S. Department of Education, which is responsible for servicing loans for borrowers who are in default, when a school has closed, or when a guaranty agency has closed.
In addition, if you do not make repayment arrangements with the holder of your loan — the U.S. Department of Education (ED), a guaranty agency, or the school that made the loan — and comply with the terms of the repayment arrangement, your loan holder may place your loan with a collection agency.
In those instances, the agency tells VA lenders that it will only guaranty the eligible borrower's portion of the home loan.
If you have a federal student loan in default, up to 15 % of your disposable pay could be taken by the federal government or your guaranty agency to repay your debt.
According to NSLP, a non-profit student loan guaranty agency, the most common reasons borrowers request a deferment are attending school at least half - time and studying full - time time in a graduate fellowship program.
In July 2015, the Department clarified that guaranty agencies are not allowed to charge these fees if the borrower enters into a rehabilitation repayment agreement within 60 days after notice of default.
Lenders and guaranty agencies are not involved in the process.
After its passage, the NVSLIA was merged into the HEA, which in title IV, part B, has both a direct Federal loan insurance component and a Federal reinsurance component, under which the Federal Government reimburses State and private non-profit loan guaranty agencies upon their payment of default claims.
After its passage, the NVSLIA was merged into the HEA, which in title IV, part B, has both a direct Federal loan insurance component and a Federal reinsurance component that require the Federal Government to reimburse State and private non-profit loan guaranty agencies upon their payment of default claims.
The Department clarified in August 2017 that the forbearance or suspension of collection activity should begin on the date that the loan holder or guaranty agency receives notice from the Department that the borrower has submitted a DTR application.
In practice, this means that Direct loans are reported by loan servicers, Stafford loans are reported by guaranty agencies, and Perkins loans are reported by the schools.
In general, the Department of Education or the guaranty agency that holds your loans will not begin wage garnishment until all other options have failed.
We frequently represent plan sponsors and fiduciaries in investigations and audits by government regulatory agencies, including the IRS, the DOL, the Pension Benefit Guaranty Corporation, and state agencies.
According to Circular 26-14-39, which can be found on the department's website, the maximum guaranty amounts for VA loan limits in 2015 will be the same as those defined by the Federal Housing Finance Agency (FHFA).