When you apply for a loan, you agree to repay all of the funds your borrowed plus interest and fees. Capitalization, the interest banks defer and add to the principle amount of the loan, occurs only once, at repayment. These fees will be deducted from your loan each time it is disbursed. These private alternative loans are designed for those who do not qualify for the Stafford Loan Program or are international students. They are based on an individual s credit history and, in some cases, projected future earnings.
Graduate students can defer both interest and principal while in school.
Loan Disbursement Loans are disbursed in two equal amounts one half each trimester. First time borrowers and graduating students at SCU must complete Loan Counseling before a loan application can be certified or graduation clearance can be given. This can be accomplished online, by clicking here . Employment All on campus student employment is coordinated by the University s Financial Aid Office. The FWS Program is federally and institutionally funded and is designed to provide SCU students with additional support to meet the costs associated with their education.