The first payment is disbursed after the student has submitted a valid Student Aid Report. The second payment is disbursed after the student has completed the appropriate credits within grade point average requirements. Funds are transmitted electronically and posted to the student's tuition account. Repayment of principal plus interest begins six months after graduation or withdrawal from school, whichever comes first. Funds are transmitted electronically and posted to the student's tuition account.
Interest begins to accrue at the time of the first disbursement.
Repayment of principal plus interest may be deferred and begins six months after graduation or withdrawal from school, whichever comes first. PLUS Loans provide additional funds for educational expenses. Borrowers must begin repayment of the principal and interest 60 days after the loan is fully disbursed. SEOG is a grant awarded to students exhibiting exceptional financial need. Federal SEOG does not have to be repaid.