The three loan programs which are described below are funded through repayments from alumni and from an annual allocation from the federal government to which the University contributes a matching share.
Interest accrues from the start of the repayment period.
Borrowers under these three programs will be required to participate in entrance and exit interviews prior to leaving the University. You will be notified by the Student Financial Aid Office concerning your entrance interview. The Student Loan Collection Department will conduct exit interviews, at which time you will be made aware of your rights and responsibilities. This loan is available to graduate and undergraduate students with exceptional financial need. Repayment of this loan, whose interest rate is 5 percent per year, begins nine months after graduation, termination of studies, or enrollment for less than half-time.