Parents must demonstrate creditworthiness and an ability to repay. These programs allow for a maximum repayment period of 15 years. All loans are variable-rate. This is an annual supplemental loan. The borrower may choose to pay only the interest while the student is enrolled.
Interest is adjusted quarterly.
There is no application or origination fee. Principal on this loan is deferred while the student is enrolled. Interest may be adjusted quarterly. Interest is based on the 13-week Treasury Bill. There is no application fee.