Loans taken out in 1998-99 capitalize once at repayment. There is no guarantee fee per application. There is no penalty for pre-payment. Borrowers have a maximum of 20 years to repay. Deferment is automatic for the first 36 months.
Any further deferment requires a specific request.
The application will be sent to the student along with their award letter. EFT transfers or loan checks may not be disbursed to the student prior to enrollment for the academic year. Checks are made co-payable to the student and the school to insure tuition payments.