While enrolled at least half-time, the principal payment is deferred. Interest during in-school, grace and deferment periods is paid by the federal government. For new borrowers, repayment of principal and interest begins six months after the student ceases to be enrolled at least half-time, graduates, or withdraws. Federal Stafford Loan applications are available from participating lenders or from the Tusculum College Financial Aid Office. Unsubsidized Federal Stafford Loans are available to borrowers who do not qualify for federal interest subsidies under the Subsidized Federal Stafford Loan program.
Principal payments are deferred.
However, the student is responsible for interest during in-school, grace and deferment periods. Annual maximums are the combined eligibility amounts per grade level as listed above for the Subsidized Federal Stafford Loan program. The Federal Parent Loan for Undergraduate Students program offers loans to parents of dependent undergraduate students up to the cost of education less any other financial assistance. Applications are available from participating lenders or from the Tusculum College Financial Aid Office. Additional information is available from the chosen lender.