Loan Options for Parents Loan Options for Students Loan Options for Parents 1. For this loan, you may download an application or prequalify online. Borrowers can also choose an interest -only payment option while the student is enrolled in school. For this loan, you may download an application or prequalify online. Loan Options for Students 1.
Loan amounts vary depending on year in school and the student's dependency status.
A dependent student is defined by the federal government as one who is 23 years old or younger and has access to parental support. For this loan, you may download an application MPN Form. Graduate and professional students often borrow both federal and private student loans because their programs usually cost more than is available through the federal programs. Grad Loans offers the option to defer all loan payments until six months after graduation. For this loan, you may download an application, prequalify online.