terms that represent, or try to evoke images or experiences of specific, tangible objects or entities. Concrete terms are usually thought of as opposed to abstractions or generalizations. External conflicts have outside action such as man against man, man against nature, man against fate.
- Borrower must receive servicing transfer statement at least 15 days before effective date of loan transfer-Borrower cannot be penalized for making a timely payment to prior servicer within 60 days of loan transfer-Records must be retained for 3 years for revised GFE; for 5 years for HUD-1s, escrow accounts, and AfBAs.
Most private student loans are school certified. Few lenders offer direct-to-consumer loans anymore, despite their popularity, because these loans had a high fraud rate. After loan approval, it can take 2 weeks to 2 months for the lender to send the loan proceeds to the college or to you, as applicable.