The fee charged by the guarantee agency and deducted from loan proceeds prior to disbursement. This fee helps offset the administrative costs.
This is a fee deducted from student loans to help pay the cost of defaults. It is also known as the insurance premium. The guarantee fee for Federal Subsidized Stafford, Unsubsidized Stafford and PLUS loans is 1% of the amount.
a small percentage of the loan that is paid to the guarantee agency as a form of insurance against default
An insurance fee, usually paid by the borrower, that the guarantee agency charges a lender. The fee for a Federal Stafford or PLUS Loan is 1%.
A fee charged by the guarantor for each loan it guarantees. Check to see if this amount is deducted from the loan amount at origination.
A fee charged by Rural Development to guarantee a mortgage loan.
A fee paid to the guaranty agency to insure the loan. The amount of the fee is deducted from the dollar amount of the loan.
A percentage of principal charged the borrower as an insurance premium and deducted from loan proceeds.
A percentage of principal charged to the borrower by the guarantor.
Insurance fee that the guaranty agency charges a borrower. This fee, usually one percent, is deducted from the loan principal amount before the borrower receives his/her disbursement. NM Student Loans currently waives this fee for borrowers.
A fee charged to the borrower and paid to the guaranty agency on Federal Stafford and PLUS loans to insure the lender against loss in the event of the death, total permanent disability, bankruptcy or default of the borrower. Also protects the borrower from school closure or false certification of eligibility.
a fee up to 1% of the total loan amount charged by the guarantor. It ensures the lender against financial loss in case you go into default on your loan.
A sum paid by the importer, usually as a percentage per annum of the average face value of the bills or notes outstanding, to the avalizing/guaranteeing bank.
A type of fee a borrower pays to a lender.Guarantee fees are collected as a financial reserve to protect the loan program in cases of student default.Federal Stafford, PLUS and Federal Direct Student loans guarantee fee is a maximum of 1% of the loan's principal balance.
A fee charged by a guaranty agency for each loan it guarantees.
A fee charged to insure your loan.
This is an optional fee charged by some guarantee agencies and deducted from loan proceeds prior to disbursement. This fee helps offset the administrative costs, and equates to up to 1% of your student aid.
Usually one percent of the loan amount; paid to the guarantee agency to insure against loan default.
A fee that is deducted from the proceeds of a loan. It is forwarded to a third party (the guarantor) and acts as insurance against the borrower defaulting on the loan.
Also known as the Insurance Premium, fee charged to a borrower for a federal student loan. The originating lender deducts the fee from the loan and remits it to the guaranty agency.
A small percentage of the loan that is paid to the guarantee agency to insure the loan against default. The insurance fee is usually 1% of the loan amount (and by law cannot exceed 3% of the loan amount).
This is a fee deducted from student loans to help pay the cost of defaults. It is also known as the insurance premium. The guarantee fee for Federal Stafford, Unsubsidized Stafford and PLUS loans is 1%. (see also Origination Fee).
An administrative fee charged by the guarantor for each loan it guarantees to reduce risk for the lender and permit them to offer funds at a lower interest rate.
A small premium deducted from the loan proceeds prior to disbursement and paid to the guarantor. Also known as an "insurance fee."
A small percentage of the loan amount that is paid to the guaranty agency that insures the loan against default. It is usually 1 percent of the loan amount.
A percentage of the loan that is paid to the guarantor to insure the loan against default. The fee is usually 1 percent of the loan amount and is usually deducted from the dollar amount of the loan.
Insurance fee that the guaranty agency may charge a borrower. This fee, no more than 1 percent, is deducted from the loan principal amount before the borrower receives the loan funds.
Insurance premium deducted from the borrower's loan proceeds and paid to the guaranty agency to insure the loan. Back to the top of the page
A fee charged by an Export Credit Agency to provide assurance of payment or compliance by a third party. Sometimes also called Premium. Français: Honoraires, commission de garantie Español: Comisión de garantía
The amount paid to a guarantee agency to insure the loan against default. This fee is deducted from each disbursement of the loan.
An insurance fee that the guarantor charges the lender, and is usually paid by the borrower.
The fee charged to guarantee student loans against loss through default, usually deducted from the disbursement of principal.