It is open to students and their families, and approval is based on the applicant's creditworthiness. The Mass Plan loan offers two interest rate options, a variable rate and a fixed yearly rate. Repayment begins immediately, and families may borrow up to the student's cost of education less financial aid received. The TERI Alternative Loan offers a competitive interest rate. Loan approval is based on the applicant's creditworthiness and ability to repay the loan.
PEP offers a competitive interest rate.
Loan approval is based on the applicant's satisfactory credit history and ability to repay the loan. The Office of Financial Aid is required by law to provide Entrance and Exit Loan Counseling for student borrowers. If you are a new borrower, you must attend an Entrance Interview before your loan proceeds can be credited to your tuition account. If you withdraw from the University, take a leave of absence, or graduate, you must attend an Exit Interview. The interview takes about 15 minutes.