Post Master's students are required to pay one-half of the registration fee prior to entering the program and the other half of the fee prior to entering the second quarter of the program. The purpose of this section is to inform prospective students of the types of assistance available to them. Repayment of the principal and interest of these loans is usually deferred until six months after graduation or withdrawal. When you are offered a loan, you will be given additional information to assist you with your final decision to accept or reject long-range indebtedness. Private University funds may require one or two co-signers.
Interest rates vary, depending on the particular loan source.
Federal Stafford loans become due 6 months after graduation or the last date of attendance. As part of the reauthorization of Title IV programs, legislation established the non-need based Federal Unsubsidized Stafford Loan. Unsubsidized Federal Stafford Loans will be subject to the same terms and conditions regarding interest rates and deferments as the subsidized Federal Stafford Loan. The difference is that with the unsubsidized Stafford, the borrower is responsible for all of the interest that accrues during the school, grace and deferment periods. Interest can be paid monthly or quarterly by the borrower while in school, or be deferred and added to the principal amount of the loan.