Sample repayment schedules are also available at the same office. Eligible students who decide to take the loan must complete a separate promissory note. After the Financial Aid Office receives the signed promissory note, the funds are disbursed to the student's account. Repayment begins six months after a student graduates, leaves school, or drops below half-time enrollment. This loan is also available to part-time students.
Federal law requires that all first-time student borrowers receive loan counseling.
Graduate students must be admitted to a master's program to borrow at the graduate amount. The interest, which accrues while you are in school, can be paid while in school, or it can be capitalized and paid later. Federal Direct Plus Loan Amount per year varies The PLUS loan is available to all parents of dependent students regardless of income level. Repayment begins 60 days after the last disbursement. PLUS borrowing is limited to parents who do not have an adverse credit history.