Repayment typically is scheduled to begin after the student graduates or is no longer enrolled at the college. Federal Perkins Loans are awarded through Mills on the basis of financial need and availability of funds. The federal government will pay the interest for students to their lenders as long as they are enrolled at least half-time in a degree program. Federal Unsubsidized Stafford Loans are available for students who do not qualify for the Federal Subsidized Stafford Loan or to independent students who want an additional loan to supplement the Federal Subsidized Stafford Loan. Mills College Loan Program is funded by Mills College and is normally awarded to dependent students with financial need who do not have access to the Federal Perkins Loan or Federal Unsubsidized Stafford Loan.
Funds are very limited and, therefore, loan offers are always subject to availability of funds.
Parents who find the expected family contribution to be unrealistic or who seek loan funds to cover a student's unmet need may borrow up to the full cost of attendance minus other financial aid. Repayment begins immediately and is made in equal installments over a period of up to ten years. In the Regular Payment Plan , payment of tuition, fees, and room and board is due August 1 for Fall semester and January 2 for Spring semester. Any portion of the bill not covered by expected financial aid is payable in full prior to the beginning of each semester or in ten installments throughout the year. Financial assistance for international students is available but only in the form of Mills merit scholarships for which domestic students also compete.