An application form is required, and is available from a lender or the Financial Aid Office. While the student borrower continues to be enrolled at least half-time, interest is paid by the federal government. At the end of this grace period, the borrower begins to repay principal and interest. Interest rates will vary depending on when the borrower first received loan funds. Borrowers may contact the Financial Aid Office or their lender for the current interest rates on student loans.
Restrictions do apply.
Students should contact their lenders. Federal Stafford Loan, except that the student borrower is responsible for all interest charged or accrued once the loan is disbursed. Eligibility is determined by the Financial Aid Office. The PLUS Loan provides an opportunity for parents to borrow funds for a dependent son or daughter s education. Eligibility is determined by the Financial Aid Office.