A credit-worthy cosigner is optional. The student is responsible for the interest on this loan during the in-school, grace, and deferment periods. The interest rate on the loan is variable and is determined quarterly. Students must first utilize their Federal Stafford loan eligibility before they can borrow under this program. Traditionally, a reasonable interest rate, availability and dollar amount, have made this a good loan option.
Borrowers have up to ten years from the date of disbursement for repayment.
Applications for this loan will be available through the Financial Aid Office or through a local lender. Please contact the Dean's Office in Center Hall for more information about this loan fund.