The variable rate is tied to the Prime lending rate A 10 year draw period with a 15 year repayment period. A government subsidized loan that allows the borrower to defer payment or make low monthly payments until the educational period is over. Low interest rates set by the Federal Government Manageable payments begin after sufficient time to obtain employment. Additional and optional insurance provided to members at an affordable fee to make loan payments on the member's behalf in the event of death or disability. Premiums are based on a percentage of monthly loan balance.
Insurance is available on many types of consumer loans.