Student must be a U.S. citizen, national, or permanent resident. Students must be enrolled full-time. A co-signer may be required. Interest will be capitalized once at repayment. The repayment term is 15 years.
Borrowers can defer repayment while enrolled on at least a half-time basis.
The student's cosigner can be released from the loan after the student makes 24 consecutive on time payments and meets certain credit criteria. Applications are available from the Office of Financial Aid. In many cases, a creditworthy cosigner is required. Cosigner must be a U.S. citizen or permanent resident and meet established credit criteria. A separate loan is available for MBA graduate students.