Repayment begins nine months after completion of studies and can extend up to 10 years. Deferment and repayment information is sent to all borrowers. The loan proceeds are credited to your account 10 days prior to the start of the semester if a promissory note has been signed. The Hackerman Loan is a revolving fund, available through the generous gift of Mr. Willard Hackerman. It is an interest-free loan offered to Engineering students who demonstrate eligibility.
Funds are limited.
Borrowers are expected to repay over a period of eight years after completion of studies. You must report all such awards you receive to the O ffice of Student Financial Services. Students who receive private scholarships may have the loan or Feder al Work-Study portion of their package adjusted. Need-based scholarships and Hopkins Grant wil not be reduced for students receiving private scholarships. This provides you a financial incentive for obtaining outside private scholarships.