Pennsylvania 15705 Finances Educational Loans Loan programs offer repayable assistance to students who apply and qualify for them. Repayment terms, interest rates, and borrowing limits vary from program to program.
Educational loans are a serious and important obligation.
Receipt of funds means that the student assumes the legal responsibility for repayment of the loan at a future date. The promissory note for the loan specifies the terms and conditions under which the student is borrowing and the repayment provisions that are in effect. Participation in Community Service positions after leaving school may provide for repayment of certain student loans. Students who receive this loan must be enrolled for at least six credits each semester. There are deferment and cancellation provisions available.