Principal payments are deferred. However, the student is responsible for interest during in-school, grace and deferment periods. Annual maximums are the combined eligibility amounts per grade level as listed above for the Subsidized Federal Stafford Loan program. The Federal Parent Loan for Undergraduate Students program offers loans to parents of dependent undergraduate students up to the cost of education less any other financial assistance. Applications are available from participating lenders or from the Tusculum College Financial Aid Office.
Additional information is available from the chosen lender.
Although these maximums are in addition to the Subsidized and Unsubsidized Federal Stafford Loan amounts, federal regulations prohibit any student from receiving total assistance greater than the cost of education for that academic year. Students are generally paid minimum wage and are paid monthly. Various positions are offered to students to complement their education with practical job experience. Eligibility for awards is based on need and availability. Applications processed by the April 1 priority date receive preference.