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Meaning / Definition of

Repayment Period

Categories: Loan and Mortgage,

The period, which a borrower is responsible for repaying his or her loan. In the case of stafford loans, this period begins on the day after the last day of the grace period. In the case of PLUS and SLS loans, this period begins on the day the loan is disbursed. The maximum repayment period is ten years, not including any authorized deferment or forbearance periods.

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Americans With Disabilities Act (ADA) Of 1990

Categories: Insurance,

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