No interest is paid during the in-school period. Forms are completed by the student, the College and the lender. Repayment starts six months after ceasing to be a half-time student. These loans are granted on the basis of student enrollment. Interest is calculated on a quarterly basis and is based roughly on prime lending rates.
Interest is charged to students from the time the loan is disbursed.
The forms are completed by the student, the College and the lender. Repayment of principal begins six months after ceasing to be a half-time student. Loans are granted on the basis of financial need. Interest is calculated on a quarterly basis and is based roughly on prime lending rates. Interest is charged to students from the time the loan is disbursed.