Same procedure is repeated in December and January for the spring semester. Specific information can be obtained from the Office of Student Accounts. One may budget the whole balance or any part of it. The University of Evansville accepts VISA, MasterCard and Discover Card for payment of books and institutional charges. Repayment begins 60 days after the check is issued.
Interest rates are variable but capped at nine percent.
The rate for 2000-2001 is 8.99 percent. A four percent origination fee is deducted at the bank each semester before funds are disbursed. Families must reapply each year for this loan. Many reputable companies have special programs for families of college students. Options on these loans vary according to who can borrow, how much may be borrowed, repayment terms, interest rates, other fees and monthly payments.