Repayment of these loans begins 6 months after the student ceases to be enrolled on at least a half-time basis. The interest rate is variable and established each year for new borrowers. Prior borrowers are subject to the interest rates on prior loans. Loan checks are disbursed in two equal installments after required fees have been deducted by the lender. All students will be notified when their check arrives at the College.
Loan amounts requested by the student are subject to adjustment or denial by the school.
Unsubsidized Stafford Loans are available to students who do not qualify for Stafford Loans. All loan amounts will be prorated based on the remaining credits required in the student's program. Students are required to pay interest while in school and during deferment periods but may be able to capitalize interest. Unsubsidized loans are subject to the same fees structure as regular Stafford Loans. Federal PLUS Loan - PLUS loans are available to parents of undergraduate dependent students who meet the eligible student definition for federal student aid.