Loan Cap

(redirected from Loan Caps)

Loan Cap

The policy of a higher education institution forbidding students from taking out student loans in excess of a certain amount. A school may enforce a loan cap by covering a portion of the debt with grants, by giving scholarships, or by other means.
References in periodicals archive ?
First elected in 1992, Royce has sponsored legislation that would remove loans for the purchase of non-owner-occupied buildings of one to four dwellings from credit union member business loan caps.
Minister for Education and Training Simon Birmingham said the issues with VET FEE-HELP are why the Turnbull Government will shut it down at the end of 2016 with the new VET Student Loans program starting in January with course restrictions for providers, loan caps and student engagement requirements.
Farmland real estate values, on the other hand, have increased by nearly 40% since FSA loan caps were last raised (USDA-NASS, 2016).
Worked with FHFA to boost 2015 multifamily loan purchases to more than $40 billion from the initial $30 billion multifamily loan caps imposed on Fannie Mae and Freddie Mac
BANKING AND CREDIT NEWS-July 16, 2014-City regulator imposes payday loan caps
He says with UAE economic growth hovering around four per cent, and an increased appetite to lend due to the introduction of loan caps and more defined lending criteria, local banks responded by aggressively marketing their existing products, and offering new ones.
But it also cautioned that the lowering of loan caps by Fannie Mae and Freddie Mac, starting in 2014, will hurt mid-segment buyers, and may offset the effects of the Fed's decision to keep down mortgage prices.
It seems that the banks and brokers are getting in the front seat to steer the mortgage loan caps in the country, said some analysts.
Asked about the latest information on the mortgage loan caps, the governor said that the circular which was sent to the banks with the proposed ratios was "a mere notification".
Those loans adjust monthly with mortgage loan caps up to seventeen percent on the life of the loans and clients are usually unaware of the consequences of that type of financing.
Besides recommending the increase in the SBA 7 (a) loan program to $5 million, IFA urged the government to expedite the SBA loan application process and make it less cumbersome; eliminate (temporarily) or sharply reduce SBA lender fees to increase the incentive for banks to make loans; allow market-based loan pricing so that SBA loan caps do not discourage banks from making loans; and promote sensible audit standards so that lenders will not fear losing their SBA guarantee after the loan is issued.