Repayment begins six months after student ceases to attend at least half time. Student does not have to show financial need. Loan amount can not exceed the cost of attendance. Students graduating, withdrawing, or failing below half-time status must attend an exit interview session. Repayment begins 30 days after receipt of the loan unless you receive a deferment.
Parents borrow funds to help meet their dependent student's educational expenses.
Parents must have a good credit history. A student does not have to demonstrate financial need. Parents borrow up to the cost of attendance minus estimated financial aid. A parent and dependent student must sign a promissory note. Repayment begins within sixty day after disbursement.