This information is only a highlight of information contained in the original promissory note. It is not, nor is it meant to be, all-inclusive. Wittenberg University is the Lender of this loan. The borrower is obligated to repay the loan even if they do not complete the program, unable to obtain employment, or otherwise dissatisfied with education or other services received. The borrower may prepay all or part of the loan without penalty.
Monthly payments can be more depending on the amount borrowed.
Repayment will begin following a 9-month grace period. If borrower does not qualify for a student deferment, and unable to make payments on the loan, A request may be made in writing to Wittenberg University for a forbearance on the loan. If a loan goes to a default status, it may be rehabilitated by making a payment arrangement with the lender and 12 consecutive timely payments. Each loan is eligible for rehabilitation only once during the life of that loan. The entire unpaid amount of the loan, including interest and late fees, may become due and payable immediately.