Slow payment history, bankruptcy, default, or other delinquent credit obligations will disqualify borrowers. The interest IS NOT deferred and begins to accrue from the date of disbursal. Repayment begins six months after graduation or six months after the student is no longer enrolled as at least a part-time student. A co-borrower is required on all applications. There is no application fee and no penalty for prepayment.
Interest begins to accrue from date of disbursal.
There is a choice of three repayment options and two deferment provisions, which are outlined in the loan application. There is no application fee and no penalty for prepayment. Interest begins to accrue from date of disbursal. There is no penalty for prepayment of this loan. Interest begins to accrue from date of disbursal.