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• Take into account other responsibilities your bank might tie to the guarantee should the loan default.
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As soon as you learn that you will receive an outside scholarship, please notify the Financial Aid Office by submitting a copy of the scholarship letter.
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It is such a payment that is likely to be the highest payment possible under the terms of the covered longer-term loan and therefore the payment for which a consumer is least likely to have the ability to repay.
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The Bureau solicits comment on whether the approach explained in proposed comment 3-3 appropriately delineates the distinction between the types of covered loans.
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