Repayment begins six months after the student graduates or discontinues schooling, with deferment provisions for public service available. Unsubsidized funds may also be borrowed up to the yearly amount. If the student borrows an unsubsidized loan, the student is responsible for the interest payment while in school. Loan worksheets are available in the Office of Student Financial Services and should be completed once the student receives an award package. The actual loan application will be mailed to the student once the loan has been certified by the Office of Student Financial Services.
Eligibility is based upon positive credit check.
FPlus is an auxiliary loan program authorized by Congress which provides loans at a variable interest rate that caps at nine percent. As with the Federal Stafford Loan, these loans will be made by banks, savings and loan institutions, and credit unions. Unlike the Subsidized Federal Stafford Loan, repayment of this loan and interest must begin in 60 days, unless deferred. This loan is offered to the parents of dependent undergraduate students. The College Board offers free, convenient worksheets to help you estimate your federal expected family contribution and to help you determine your capacity to take on educational loan debt.