Awards vary according to need and the funds available. May NOT be used as a deferment. Proceeds distributed by semester. Loan may be used as a deferment if paperwork is complete. Repayment begins following the grace period initiated by termination of at least halftime study.
Grace period is either six or nine months determined by date of first loan.
Up to ten years to repay. Forgiveness opportunities available. When a student ceases to be enrolled at least halftime, a grace period begins as specified in the promissory note. Payment of principle and interest begins after the grace period. Separate loan application must be submitted according to school's procedures.