Repayment same as Perkins Loans. Student may pay interest or let it capitalize on principle. Principal is automatically deferred until repayment begins Repayment process is the same as the Perkins Loan. For dependent students, loan limits are the same as regular Stafford Loans. Student must be a dependent undergraduate student.
Parents starts repayment upon receipt of first disbursement.
Must be eligible to pay Texas resident tuition rate. Must enroll on at least a half-time basis. Must maintain satisfactory academic progress. No guarantee fee. No interest subsidy.