Students may borrow up to the cost of attendance less any financial aid received. Approval of this loan is not guaranteed as students must meet certain credit criteria as established by the lender. Pre-qualification is available by contacting Sallie Mae at the number or website above. No loan fee is charged at the time of disbursement. Repayment begins 9 months after graduation or dropping below half-time status.
Interest is capitalized once, at repayment.
The maximum repayment period is 15 years. Credit Many students find it necessary to secure funding beyond Federal Stafford Loan and any institutional aid. Private education loans are available to assist with this financial gap. Approval of private loans, however, requires that you meet certain credit criteria. All private loan lenders will pull your credit history from one of the national credit bureaus and perform some type of credit analysis.