These are federal loans available to qualified students with exceptional financial need.
Loans are to be repaid within a ten-year period.
These are guaranteed loans under the Federal Family Education Loan Program that are available from commercial lending institutions, such as banks and credit unions, to students enrolled at least half-time. Eligibility is based on demonstrated financial need. These fees are deducted from each disbursement. You enter repayment, and pay principal and interest 6 months after you cease to be enrolled at least half-time. These are guaranteed loans under the Federal Family Education Program for students who do not qualify in whole or in part, for subsidized Federal Stafford loans.