Each first-time borrower is required to attend a loan seminar prior to disbursement of the loan. Parents may borrow from this program each year an amount that does not exceed the student's cost of education minus any other financial assistance. Repayment begins within 60 days after the final loan disbursement but many lenders now offer programs that enable parents to defer these payments until students finish their education. The student must demonstrate the ability to repay the sum borrowed. The loan is to be repaid by the first day of the last month of the semester in which the loan was made.
Further information is available from financial aid counselors.
All short-term loans are to be repaid according to a specified repayment schedule. Applications are available in the Financial Aid Office and from counselors at Lancaster, Lebanon, and Gettysburg. Dates of availability can be obtained in the Financial Aid Office or in the credit schedule booklet. Nursing Student Loans Nursing student loans are available to those enrolled at least half-time in the associate degree nursing curriculum.