Student has option to make interest payments during these periods. For parents of dependent undergraduate students. Based on creditworthiness, not financial need. Borrow up to the total cost of education minus other forms of financial aid. Repayment begins within 60 days after final disbursement of the loan.
Parent is responsible for repaying loan in full.
Chela Financial OnePay SM Consolidation Loan Program Allows students to combine federal loans from different programs or lenders into one simplified payment schedule. Students can pay off eligible federal student loans and replace them with a new loan and one monthly payment. Repayment period may be extended up to 30 years depending on the loan amount.