No interest accrues while in school and in grace period. Six month grace period upon graduation or termination before repayment begins. The SLS has been incorporated into the Unsubsidized Student Loan Program. Must have a complete Financial Aid file in the Financial Aid Office. This is an unsubsidized loan.
Interest accrues during in-school period.
Low interest rate Interest accrues while in school and in grace period Non-need based loan Six month grace period upon graduation or termination before principle repayment begins. The borrower determines whether or not he or she is satisfied with the repayment terms offered by the loan servicer. Defaulted borrowers may also consolidate their loans and benefit from the Income Contingent repayment Plan. Direct Consolidation Loans are subject to the same terms and conditions as regular Direct Loans. The interest rate for student loans is variable and cannot exceed 8.25 percent.