Interest is charged to students from the time the loan is disbursed. The forms are completed by the student, the College and the lender. Repayment of principal begins six months after ceasing to be a half-time student. Loans are granted on the basis of financial need. Interest is calculated on a quarterly basis and is based roughly on prime lending rates.
Interest is charged to students from the time the loan is disbursed.
Repayment of principal starts nine to 12 months after the borrower ceases to be a full-time student. Granted on the basis of financial need. Repayment starts nine months after separation from school. Interest starts to accrue at that time. Loans are granted on the basis of financial need.