Glossary entry (derived from question below)
English term or phrase:
the balance due on their said remaining loan
English answer:
whatever amount (balance) remains on the loan (due to be paid)
Added to glossary by
Nam Vo
Jun 14, 2018 07:45
5 yrs ago
2 viewers *
English term
the balance due on their said remaining loan
English
Bus/Financial
Finance (general)
This is quite complicated, difficult to understand. Help, please!
I don't understand "other than for graduation" either. If you guys can explain it, I really appriciate it.
Context:
Additional Clause
Interest at a rate of 7% (seven percent) will accrue on the remaining balance the first day after the "Course Extended Completion Date".
All overage charges combined of $12.00 an hour times however many overage hours and any remaining tuition balance within the original contract agreement will be subject to interest at 7% (seven percent) until the loan amount is paid in full.
If the student's enrollment ends before the "Original Course Projected Completion Date" or the "Extended Course Completion Date", other than for graduation , the student will be subject to 7% (seven percent) interest on the balance due on their said remaining loan.
I don't understand "other than for graduation" either. If you guys can explain it, I really appriciate it.
Context:
Additional Clause
Interest at a rate of 7% (seven percent) will accrue on the remaining balance the first day after the "Course Extended Completion Date".
All overage charges combined of $12.00 an hour times however many overage hours and any remaining tuition balance within the original contract agreement will be subject to interest at 7% (seven percent) until the loan amount is paid in full.
If the student's enrollment ends before the "Original Course Projected Completion Date" or the "Extended Course Completion Date", other than for graduation , the student will be subject to 7% (seven percent) interest on the balance due on their said remaining loan.
Responses
+1
1 hr
Yvonne Gallagher
Ireland
Ireland
Native in English
&
English
Specializes in field
Ireland
right word, right place. everytime
Native in: English (Variants: US, Canadian, Irish, UK) 
Works in: French to English, Spanish to English, English, and 1 more.
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whatever amount (balance) remains on the loan (due to be paid)
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.
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Note added at 6 days (2018-06-20 10:37:12 GMT) Post-grading
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Glad to have helped
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.
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Note added at 6 days (2018-06-20 10:37:12 GMT) Post-grading
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Glad to have helped
Note from asker:
| Thank you very much, Yvonne Gallagher. Great help :) And thanks, philgoddard. |
4 KudoZ points awarded for this answer.
Comment: "Thank you very much! I appreciate it :)"
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