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It means that the loan has been approved and and removed from your account to be dusbursed to the school.
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∙ 13y ago
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What does a student loan in forbearance mean?
It means that there are no active efforts being taken to collect the loan.
Does a student loan refund have to be claimed as income on taxes?
Loans are never taxable...I'm not sure what you mean by a loan refund though!
What does the sale of a student loan mean?
You'll be making your payments to a different financial institution.
What do the letters UNCNS mean regarding student loans?
It means that your loan is UNSubsidized Consolidated
What does student loan forgiveness mean?
The forgiveness occurs when a student falls behind by either reducing the capital to be paid, reducing the interest rates or allowing a longer period of time to pay back the loan.
What does lifetime aggregate borrowing limit mean?
The total amount of federal student loan money you can borrow in your lifetime.
What does student loan consolidation mean and how can that help you?
Student loan consolidation allows someone that is receiving multiple student loans to consolidate all the loans into one big loan. It helps students because it allows them to pay one payment monthly instead of several.
You received a letter from IL comptroller regarding payment withheld from IL student assistance commission offset unit what does this mean?
It means your Illinois student loan is delinquent.
What does interest capitalization mean?
Capitalization occurs when your lender or loan servicer adds the amount of unpaid, accrued interest on your student loan to your loan balance. Once this interest has been capitalized, interest begins to accrue on that new, higher loan balance.
What does LSCS mean on a bank statement?
More than likely a student loan payment related to the Lone Star College.
Can you bankrupt an Unsubsidized student loan?
In theory yes- student loans can be discharged. In practice- it is extremely rare. The only examples i have seen where a student loan is discharged is when the borrower is paralyzed, have a severe neurological disorder, or has been diagnosed with an end stage illness and are therefore unable to work. A discharge of student loans is so rare that most attorneys flat out tell potential clients that student loans are not dischargeable. I'm not sure what you mean by "unsubsidized" - I know what it means - I'm not sure you do! A government backed (that doesn't mean subsidized) student loan cannot be discharged in bankruptcy. If it isn't government backed, it is simply a personal loan you used to pay for education and may be discharged like any other. Additionally, you do not bankrupt "a loan"...you go bankrupt - it includes all things you own and owe. Nothing is excluded. Some things may not be discharged.
What does the loan against shares mean?
Loan against Securities is a type of loan where securities like shares, Mutual Funds, term deposits, NSC certificates, etc. are used as collateral. While some banks might require your securities to be liquidated, others give you the option of taking a loan without liquidating your investments.
