A. Students who have defaulted on student loans, owe a refund on a grant, or owe any college tuition will not be eligible for any financial aid until the obligation is fulfilled and monies are paid back to Lawrence Tech.

The end of loan action is the chosen action that occurs when your loan comes due. It is initially set by you when you apply for a loan. To change your End of Loan Action, you can log into your profile, click on “loan history”, click on the “loan details” link, and click on the “End of Loan Action” dropdown box and select the action you would like to occur. You can change the End of Loan Action up to the business day before your due date. See similar questions...

This is the first step towards a collections action. The default is listed on your credit report and will remain as a "black mark" against your name for 5 years. See similar questions...

If a Notice of Default has been recorded against your property it means your lender has started the formal foreclosure process. In California, a borrower must be two months delinquent before a lender can commence a foreclosure action by recording a Notice of Default. A borrower has over three months from the recording of the Notice of Default to work something out with their lender and avoid the completion of the foreclosure. See similar questions...

A Default User is a user that comes with predefined "factory" settings. The Parental Control feature starts with a Default User. This user will not be required to enter a password to log in to the Parental Control feature, and therefore should be defined with the most restrictive Internet filtering policy. When creating a new user, the new user inherits the settings of the Default User, which can be modified. See similar questions...

You are given a grace period before you begin to repay loans. This time allows you to find a job and get settled before the repayment period starts. For Federal Stafford Loans the grace period is 6 months, and for Federal Perkins Loans it is 9 months. See similar questions...

Interest will accrue on the amount you have borrowed from the date you receive your first loan instalment, or when the payment is made to the University on your behalf. If you have been identified as a PAYE or Self-Assessment repayer, interest accrual will be suspended from the start of the tax year until the end-of-year repayment details are received from HM Revenue and Customs (or HMRC - formerly the Inland Revenue). See similar questions...

Student loan consolidation was introduced by the United States Government to ease the burden of paying back student loans. The program is easy and does not require a credit check. Before accepting any student loan you should make sure you are familiar with all of the terms of the loan. Remember that you could be paying for this student loan for many years, so it is important to make an informed decision. See similar questions...

We encourage you to do everything you can to avoid taking out a student loan while at SCC. Our costs are low enough, that most grant awards will cover tuition and books. If you do need to pursue a student loan, you will need to request instructions and application materials from our office. There are several steps involved, so please be sure you get our information packet and complete all steps. See similar questions...

By default "ClickOnce" deployed applications run in a security sandbox provided by CLR Code Access Security. An application has the ability to do safe operations, such as displaying UI & same site network IO, but can not do unsafe things... See similar questions...

Loan to value (LTV) is the loan amount divided by the lesser of the sales price or appraised value. For example, if you are paying 15% of the total cost of the home as a down payment, you would only be borrowing 85% of the total sales price from the lender. Therefore you LTV would be 85%. See similar questions...

Loans are priced based on delivery. A loan that will close in 10 days will be better priced than a loan that would close in 60 or 90 days, due to the uncertainty of interest rates. We can lock in your loan and guaranty it until closing based on commitments issued by some of the largest mortgage lenders in the country. We offer free loan locks up to 45 days! Please e-mail us or contact a loan officer to discuss rate locks in conjunction with your application. See similar questions...

Loan to value (LTV) is the loan amount divided by the lesser of the sales price or appraised value. For example, if you are paying a 5% down payment, you would be borrowing 95% of the total sales price from the lender. Therefore, your LTV would be 95%. See similar questions...

The only financial aid you can be considered for while in default on a student loan is the BOG Fee Waiver and scholarships. See similar questions...

The same legislation that requires collection of a federal default fee also provides for an overall reduction in the maximum amount of upfront fees that Stafford-loan borrowers in the FFELP may be charged. Effective July 1, 2007, the maximum origination fee that may be charged Stafford-loan borrowers was reduced to 1.5 percent from the previous 3 percent. See similar questions...

Probation means that the student has a record with our office. This does not affect his/her academics in any way and is not reflected on the student's transcript. If a student violates university policy while on probation then his or her sanction will be more severe. Repeated violations of JMU policy could result in a student's suspension from the university. See similar questions...

A student who has not graduated from high school but has been admitted on the basis of relevant experience. To win Mature Student status, you must also meet BCIT's English-language requirements and possess any specific course prerequisite required for program entrance. If applying for Mature Student status, you must supply academic documents and proof of relevant experience. [top] No. See similar questions...

In order to take credit courses at UIC, you first must be admitted to the University. Extramural students are admitted as nondegree students through the Office of Continuing Education for the purpose of taking courses that are offered only through OCE. As a nondegree extramural student, you are able to take selected courses without making formal application for admission to a UIC school or college. No. See similar questions...