Unable to find full time employment 36 months x 14. Parental leave 6 months x x 15. The alternative loans are intended to provide creditworthy students and their families an alternative source of loan funds to assist in meeting the costs of post-secondary education. The interest rate may be either a fixed or variable rate for the life of the loan. Repayment may begin as early as 45 days after disbursement.
Monthly payments vary depending upon the amount of the loan received.
Forbearance, which allows interest only payments, is possible. Questions regarding these programs can be directed to the Financial Aid Office.