Loans are available through the school s participating lenders, or the participating lender of the student s choice. First time borrowers are required to attend an entrance interview offered by the school before funds will be released. This program has the same rules as the Federal Subsidized Stafford Loan, except this loan accrues interest over the life of the loan. In addition, students do not need to demonstrate financial need to receive this loan. Students receive the same deferred payment benefit while maintaining enrollment of at least half-time.
Interest compounds quarterly and is added to the principle balance.
Students may choose to pay the interest each quarter. Veteran's Benefits Associate degree, diploma, and technical certificate programs at GVTC institutes are approved for Veteran's Educational Benefits. Staff members at each institute are available to provide needed services to students who qualify for these benefits. For more information, contact your local VA Regional Office.