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A Federal student loan is considered in Default at 270 days of nonpayment.

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Q: Why does a loan become callable?
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Related questions

What is a callable?

Callable is the designation of a bond that can be paid off earlier than its maturity date.


Are Municipal Dollar Bonds Callable?

Yes Dollar bonds can be callable


How are callable bonds different from regular bonds?

Callable bonds are similar to regular bonds in many ways. The main different is that callable bonds can be redeemed before the bond has completely matured.


Are bid bonds callable demand?

similar to other forms of surety bonds, bid bonds are callable on demand.


What is callable preferred stock?

Preferred stock may be "callable." At the option of the corporation, callable preferred stock may be surrendered to the corporation, usually at a price a little above par value (or a stated value).


What is the difference between a callable bond and a retractable bond?

A callable bond is where the issuer has the ability to redeem the bond prior to maturity. A callable bond is where the bond hold has the ability to force the issuer to redeem the bond before maturity. Hope this helps.


What is a callable bond?

Most bonds issued today are "callable," which means corporations can recall them if interest rates rise before the maturity dates.


Are home mortgages in the US callable?

Traditional Mortgages are no longer callable. A variety of protection acts by the Federal Government have change mortgage terms.


Bonds are not always categorized as?

callable or convertible.


What are the benefits of Callable Bonds?

The benefits of callable bonds is that they are protected in the fact if interest rates drop, which is especially important if one purchases bonds for a long term period.


How do I become a loan officer?

You can get training to become a loan officer at your local college. It is a very sought after career.


Why would a corporation issue callable bonds?

because i am boss