If your enrollment status changes from what you indicate on your application, you must let the Office of Student Financial Services know as soon as possible so they can determine whether or not this change will affect your aid. You should write a letter which clearly and fully explains the situation and provide any appropriate documentation to support your appeal. If the total assistance listed on your Offer of Financial Assistance fails to meet your needs, there are alternative loans which you may be able to obtain. These loan programs are described in the next section. The interest rate for this program is tied to the Treasury Bill rate.
Interest accrues while in-school.
The interest may be paid as it accrues or can be capitalized. Annual borrowing limits are equal to the cost of attendance less other financial aid. Repayment begins immediately. There are fixed and variable interest rate options. This loan may be secured by home equity.