Interest does not accrue nor does repayment begin until six months after the recipient leaves school. Applications are available from local lending institutions or from the Financial Aid Office. A low interest loan similar to the Federal Stafford Loan. The difference is that interest begins accruing while the student is still in school and as such it is not necessary to demonstrate financial need in order to be eligible. A loan available to parents of dependent undergraduates.
Eligible parents can borrow up to the cost of education.
The interest rate is adjusted annually and based on 52 week Treasury Bills plus 3.1 percent. Applications are available from local lending institutions or from the Financial Aid Office. More detailed information on aid programs is available from the Financial Aid Office.