Sentences with phrase «repay while processing»
However, the bank will look at your age, source of income and ability to repay while processing your loan application.
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In short, the term «consolidation» is used to describe the process of combining multiple loans into a single loan while the term «refinancing» is used to describe the process of using a more advantageous loan to repay an older loan.
If your claim is denied, then you will be required to repay your loans, plus the interest that accumulated while the claim was being processed.
While refinancing federal or private student loan debt helps streamline the loan repayment process, borrowers are required to repay the loan based on the terms agreed upon at the time the funds are received.
If you are currently repaying your loans under a different repayment plan, your loan servicer may apply a forbearance to your student loan account while processing your request for an IDR plan.
While it is not possible to repay your debts without investing money into the process, you should avoid spending unnecessary sums of cash in the pursuit of a financially liberated future.
Great Lakes Student Loans work to simplify the process of owning and repaying student loans while giving their borrowers the greatest chance at success.
The main concern of a bank while processing your application is, will the borrower be able to repay the loan amount (with interest0?
While for a home loan, most banks have done away with the charge for such processes, for most other loans, there is a cost to pay for repayment like a 5 % on the principal amount that you repay.
If you are currently repaying your loans under a different repayment plan, your loan servicer may apply a forbearance to your student loan account while processing your request for an IDR plan.
While logging does create young forests that absorb carbon, the process of harvesting large old growth and burning logging debris transfers most of the carbon to the atmosphere leaving a «carbon debt» that takes the growing young forest centuries to repay.
If you are currently repaying your loans under a different repayment plan, your loan servicer may apply a forbearance to your student loan account while processing your request for an income - driven repayment plan.