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.
PLUS loan borrowers begin repayment of their loans within sixty (60) days of the final loan disbursement, however for loans disbursed on or after July 1, 2008, borrowers can request their lender to defer loan payments until six months after the student graduates or ceases to attend school on at least a half-time basis.