The program is available to full-time students only. The Scholarship and Financial Aid Committee reserves the right to expand, reduce or adjust financial aid programs and funds awarded when necessary to meet federal, state, or institutional regulation or budget changes. An eligible student is allowed to borrow from this program based on need and availability of funds. Repayment begins nine months after the student graduates, leaves school, or drops below half-time status. Interest does not accumulate during the time the student is still in school taking six hours or more or during the grace period.
Funds are limited and are awarded to students as they complete their financial aid award packets.
It is important to note that the school does not allow loan checks to be issued until 30 days after the beginning of classes each semester. The loan is issued by two separate checks over the academic period. The Stafford Loan program enables students to secure loans from participating lenders such as banks, credit unions, or savings and loan associations. It is based on financial need as determined by the Department of Education. The remainder is mailed to the school in the student's name.