A co-borrower is required on all applications. There is no application fee and no penalty for prepayment. Interest begins to accrue from date of disbursal. There is a choice of three repayment options and two deferment provisions, which are outlined in the loan application. There is no application fee and no penalty for prepayment.
Interest begins to accrue from date of disbursal.
There is no penalty for prepayment of this loan. Interest begins to accrue from date of disbursal. Repayment begins six months after graduation or when the student status drops to less than half-time. A student has up to fifteen years to repay this loan. There is no origination fee for this loan.