Repayment begins six months after graduation. Repayment can be up to 10 years. Information and applications are also available from any participating bank. This is a new loan program created by the Higher Education Amendments Act of 1992 for students who do not qualify, in whole or in part, for subsidized Federal Stafford Loans. The federal government does not pay the interest.
Interest rates are variable.
Applicants must submit a full financial aid application and be considered for a subsidized Federal Stafford Loan before an unsubsidized federal loan can be processed. Applications and further information are available from any participating bank or from the University of New Haven Financial Aid Office.