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.
Once you're approved for a student loan, you must expect a delay of at least three to four weeks before its balance is disbursed. Depending upon the terms of your loan and the policy of your higher education institution, this balance may be deposited directly into your checking account or credited directly to your tuition bill.