Students are responsible for finding their own work-study job. The Career Resources Office posts available jobs in the Boston area. Entrance interviews are short informative sessions that teach students about their rights and responsibilities as student loan borrowers. Loans are cancelled for students who do not attend an entrance interview. A federal loan for parents of undergraduate dependent students that is not based on financial need.
PLUS loans are subject to a credit evaluation and therefore can be denied.
Parents borrow this loan directly from the federal government, however the Financial Aid Office processes the loan. Repayment begins after 60 days from the date the loan is fully disbursed. A PLUS loan cannot be deducted from a student bill until the Financial Aid Office has received notification of approval. This loan actually has better interest rates than the PLUS loan. A federal student loan that does not need to be repaid until six months after the student graduates, withdraws, or drops to less than part-time.