LOAN Parents may borrow up to the difference between the cost of education and other financial aid for which the student is eligible. The interest rate varies and is based on 91-day treasury bill rates. A four percent origination fee is deducted from each of two disbursements made in a school year. Repayment begins within 60 days of disbursements. Applications are available at the Financial Aid Office.
Maximum interest is nine percent.
Eligible students must be United States citizens, enrolled more than half-time and demonstrate financial need. A student should work approximately 8 hours per week to earn this amount over the two-semester academic year. Your Work-Study pay rate will be at least the current federal minimum wage, but may be higher, depending on the type of work you do and the skills required. If you are an undergraduate, you will be paid by the hour. Students are paid every other Friday.