Sentences with phrase «require federal borrowing»

To put this number into context, the total Treasury debt held by the public today is about $ 15 trillion; a $ 5 trillion revenue shortfall would by itself require federal borrowing equal to one - third of the debt currently in the hands of the public.

Not exact matches

To come up with these new rules, NYDFS officials went to the National Institute of Standards and Technology (NIST) and borrowed the cybersecurity policies and practices that the U.S. Government requires all federal agencies to adhere to.

If you borrowed money from the federal government to pay for your education, your school will require you to complete exit counseling.

A case in point is Senator Wilfred Moore's Bill S - 217 «An Act to amend the Financial Administration Act», which would require Parliamentary approval for any new borrowings by the federal government in financial markets.

Some federal student loans, like Direct Unsubsidized loans, don't require you to demonstrate financial need, so you can borrow more in unsubsidized loans than you can in subsidized student loans.

When the Fed «raises» rates, what it alters is the Federal Funds rate — the rate that banks charge each other for overnight loans to cover their cash needs (every bank is required to keep a certain amount of funds, called reserves, with the Federal Reserve and these funds can be borrowed).

Every student who takes out any federal student loan is required to complete «counseling sessions» before borrowing any money.

Federal law requires that reverse mortgage loan borrowers meet with a third - party counselor that has been trained and approved by the Department of Housing and Urban Development (HUD) for an unbiased look at the pros and cons of borrowing.

The new code of conduct requires the lenders and marketers to encourage families to exhaust federal borrowing options before turning to private student loans.

S. 2081 — Empowering Students Through Enhanced Financial Counseling [Sen. Mark Warner (D - VA)-RSB- would require federal student loan borrowers to receive interactive counseling that reflects their individual borrowing situation.

Those who have borrowed from the Federal Family Education Loan Program, as an example, are required to consolidate their loans into a federal Direct Consolidation Loan in order to qualify for some income - driven repayment plans, or for Public Student Loan ForgiFederal Family Education Loan Program, as an example, are required to consolidate their loans into a federal Direct Consolidation Loan in order to qualify for some income - driven repayment plans, or for Public Student Loan Forgifederal Direct Consolidation Loan in order to qualify for some income - driven repayment plans, or for Public Student Loan Forgiveness.

The Act would specifically require private lenders to: certify with the school that the student is enrolled and the amount the student is eligible to borrow in Federal loans; provide the borrower with quarterly updates on their loans, including accrued but unpaid interest and capitalized interest; and, report information to the Consumer Financial Protection Bureau about their student loans.

Federal Reserve chairman Ben Bernanke explained how trade deficits required the US to borrow money from abroad, in the process bidding up bond prices and lowering interest rates.

If your lender requires «school certification,» your school verifies your enrollment and ensures that you're not borrowing more than the cost of attendance (including your federal student loans, scholarships, and grants).

Since the financial crisis in 2008, the federal government has introduced stricter rules on banks» mortgage lending policies requiring higher down payments when purchasing a house which have made it more difficult for some homeowners and developers to borrow money.

Regulation Z is a Federal Reserve Board rule that requires lenders to give you the true cost of credit in writing before you borrow.

This is not the first instance in which regulations have required this kind of individual, direct communication by institutions with consumers about Federal aid: Section 454 (a)(2) of the HEA authorizes the Department to require institutions to make disclosures of information about Direct Loans, and Direct Loan regulations require detailed explanations of terms and conditions that apply to borrowing and repaying Direct Loans.

Unfortunately, the Federal Housing Administration also requires a substantial up - front premium (1.75 % of the amount you're borrowing) that private mortgage insurance, or PMI, does not.

Student loans issued by the federal government don't require a co-signer, so present no risk to a parent's credit when a student decides to borrow to pay for their education.

The big deal about the REPAYE plan is that it will be available to all undergraduate and graduate federal student loan borrowers regardless of when the money was borrowed, and there is no partial financial hardship required to qualify.

In an effort to urge more responsible lending and borrowing, several federal agencies have been developing a proposed risk - retention regulation under the Dodd - Frank Wall Street reform law, which requires lenders that securitize mortgage loans to retain 5 percent of the credit risk unless the mortgage is considered a safe mortgage or a «qualified residential mortgage.»

Federal law requires that reverse mortgage loan borrowers meet with a third - party counselor that has been trained and approved by the Department of Housing and Urban Development (HUD) for an unbiased look at the pros and cons of borrowing.