Applications submitted after February 15 are considered only as funds are available. If both forms are submitted by the February 15 deadline, the Financial Aid Office will notify those accepted of their need-based grants and their eligiblity for federal loans within ten days of the acceptance letter. Please note that all students awarded need-based grants will be expected to borrow the maximum subsidized Federal Family Education Stafford Loan. Many Dickinson students take advantage of this program. Rates on these loans are variable, and repayment begins thirty days after loan disbursement, unless the lender grants an in-school deferment.
Interest begins to accrue after disbursement.
There are no income restrictions on these loans. Because federal loan funds cannot be negotiated before registration, incoming students must make other arrangements to pay the partial tuition deposit due in June. Loan applications should be made at least three weeks before the proceeds are needed. Please note that you need a satisfactory credit rating to obtain a commercial loan. Emergency Loans Two loan funds made possible by alumni contributions are available to students in dire financial need.