If you do not have a co-borrower, you must meet the requirements stated below. International students who do not have a co-borrower, but have verifiable assets in excess of liabilities. The loan amount requested cannot exceed the federally assigned annual cost of living for the 9 month academic period. OR The applicant borrowing without a co-borrower will not be approved for a loan amount that is more than the amount of financial assets owned by the borrower and certified to the Anderson School by the financial institution holding the assets. All rates and fees will be effective for first disbursements after June 1,2001.
Interest begins accruing as soon as the first check is produced.
The full amount of the loan is disbursed in three equal payments for Fall, Winter and Spring quarters. Principle and interest are deferred while you are in school. There is a six month grace period before the loan goes into repayment. Borrower Benefits and Repayment Options Sallie Mae is the leader in providing benefits that reward borrowers for repaying their loans on time. Their money-saving benefits programs make student loans more affordable for borrowers.