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07:45 Jun 14, 2018 |
English language (monolingual) [PRO] Bus/Financial - Finance (general) | |||||||
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| Selected response from: Yvonne Gallagher Ireland Local time: 03:33 | ||||||
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SUMMARY OF ALL EXPLANATIONS PROVIDED | ||||
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4 +1 | whatever amount (balance) remains on the loan (due to be paid) |
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whatever amount (balance) remains on the loan (due to be paid) Explanation: If a student leaves the course (stops being enrolled on it) without completing it that is, before the expected completion date for the course ( or an extended completion date), any balance remaining due to be paid will have 7% interest added to it. other than for graduation= This interest will not apply, however, if the student graduates. If they graduate (get their diploma or degree or whatever award) then, obviously, they no longer need to be enrolled on the course, so the remaining loan will be paid off in the usual way without extra interest on the balance. -------------------------------------------------- Note added at 6 days (2018-06-20 10:37:12 GMT) Post-grading -------------------------------------------------- Glad to have helped |
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