Loans Loans Loan information will be sent out with all financial aid awards. This will cover students' rights and responsibilities of borrowing under the Federal Family Education Loan Programs listed below. Student eligibility requirements are identical to those for the Subsidized Federal Stafford Loans except for the need determination.
Interest is paid by the student from the date the funds are received.
There are limited Federal Perkins Loan funds available to students with exceptional need. The loan is repayable after graduation and has an interest rate of 5 percent. Self Loan Students with no other alternative in financing may use this loan. The loan requires a cosigner and is at a variable interest rate.