WORD OF THE DAY: CONDITIONS - A term used by lenders and credit analysts to describe the background or underlying economic and industry circumstances affecting a business. ... More
2. ) With Respect To A Student Loan, The Insurance Or Guarantee By The Guarantee Agency Pursuant To Such Guarantee Agency'S Guarantee Agreement Of The Maximum Percentage Of The Principal Of And Accrued Interest On Such Student Loan Allowed By The Terms Of The Higher Education Act With Respect To Such Student Loan At The Time It Was Originated And The Coverage Of Such Student Loan By The Federal Reimbursement Contracts,
Providing, Among Other Things, For Reimbursement To The Guarantee Agency For Payments Made By It On Defaulted Student Loans Insured Or Guaranteed By The Guarantee Agency Of At Least The Minimum Reimbursement Allowed By The Higher Education Act With Respect To A Particular Student Loan.
Fund Letters
