Must have tribal membership or be enrolled in a federally recognized American Indian tribe. How to apply. Student must be enrolled at least half time. Interest rates are based on the T-bill, plus 3.1 percent, with a cap at 9 percent. Lenders must conduct credit history of parents.
Interest accrues immediately.
Guarantee fee of up to 1 percent and origination fee of 3 percent may be charged. See terms . Interest rate is 5 percent. Nine-month grace period. Minimum monthly payment may be required.