The deadlines are August 15, December 15, and March 15. Cosigners should be your parents, guardians, or other responsible adult family members. You are required to have two cosigners. The cosigners agree to repay the loan if you do not. References should be established adult relatives or family friends who will always know your location.
Local residents are preferred.
After you completed application form and transcripts are received, you will be contacted to schedule a personal interview with the board s Loan Committee. The Loan Committee will then report to the board, which will make the final decisions about the loan. The total time for processing the loan varies, depending upon the availability of funds and the time of the year. You should plan on 6 to 8 weeks. Subsequent loans do not usually require another interview, unless requested by the Loan Committee or by the applicant.