Many participants will need to pay back student loans at some point after graduation. The HCA Staff will provide assistance and help with necessary forms in support of your application for deferment of payment. There have been recent changes in deferment rules, but we don't expect to have any difficulties getting loan payments deferred.
Most loans have a six to nine month grace period before repayment begins.
With an economic hardship deferment, interest payments are usually expected, but they can be delayed if arrangements are made to add the interest that accrues to the principle. These arrangements are usually made by just marking the appropriate box on the deferment request form. Upon acceptance into the program, you will have to contact your lending institution for their policy regarding loan deferment and submit required forms to the HCA Office. It is important that this be done before orientation begins in August to allow sufficient time for forms to be processed. Many institutions do expect Associates to begin paying back the loans upon leaving the program.