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It means just that. You can have the money on the proviso that you meet certain conditions. Like attending the course, using the loan for purpose intended, repayment agreement, your commitment in the event removal from the course etc,. Read the small print.
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∙ 16y ago
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What does extracted student loan funds mean?
It means that the loan has been approved and and removed from your account to be dusbursed to the school.
If you're pre-approved for a loan does that mean that you get it?
Being pre-approved means that if you apply for the loan, you will get it.
If a house has been conditionally sold what does that mean?
It means that there has been an offer, it has been accepted, but they are waiting for financing to be approved. If the financing fails the sale is off.
What does conditionally approved mean for a car loan?
It means that the major factors for a car loan are positive BUT the actual credit score and record have not been checked yet and could cause the loan to fall through. Conditional means that if the whole thing you told them checks out legitimately and they have no surprises upon their examine then you have the loan. You have to always show proof of the whole thing that you claim (income, credit etc) they can't just take your word for it!
Does a mortgage pre approval guarantee a mortgage loan approval?
Pre-approval for a mortgage does not guarantee that you will be approved a mortgage loan. However it does mean that it is very likely that you will be approved when you apply.
What does a student loan in forbearance mean?
It means that there are no active efforts being taken to collect the loan.
Does a student loan refund have to be claimed as income on taxes?
Loans are never taxable...I'm not sure what you mean by a loan refund though!
What does the sale of a student loan mean?
You'll be making your payments to a different financial institution.
What do the letters UNCNS mean regarding student loans?
It means that your loan is UNSubsidized Consolidated
What does student loan forgiveness mean?
The forgiveness occurs when a student falls behind by either reducing the capital to be paid, reducing the interest rates or allowing a longer period of time to pay back the loan.
What does conditionally renewable mean with insurance?
Conditionally renewable policy grants the insurer a limited right to refuse to renew a health insurance coverage at the end of a premium payment period.
What does referred mean on a loan decision?
Referred means that a loan was unable to be approved by an automated underwriting program based on the information provided on an application. This is different from a denial since the loan application can still be reviewed by a human underwriter.
