Returning CLA, Graduate, and Theological students who are first time borrowers still need to complete an entrance interview. Returning students only are encouraged to fill out an entrance interview online. Students need to complete the Exit Interview before graduating. The Exit Interview ensures that student borrowers know who their lenders are, how much they have borrowed, understand the forbearance process and the terms and conditions of their loans. The Federal Government pays the interest for subsidized loans while the student is in college or while the loan is in deferment.
Interest begins accruing for unsubsidized loans as soon as the loan is taken out.
Graduate students can apply for an unsubsidized loan by requesting one from their counselor. You cannot take out unsubsidized loans in excess of your cost of attendance . You pay a three percent origination fee that is deducted immediately from each loan disbursement. Repayment begins six months after leaving college, payments are made monthly, and you have ten years to repay the loan. Payments are made to the lender.