Deferments, allowed for specific borrower activities, extend the loan repayment period by the length of the deferment period. Dependent students must report their parents' income on their financial aid applications. You pay an origination fee on the gross amount borrowed. Loans may be either need or non-need based. Priority is given to students with exceptional financial need, as defined by UM-St.
Participants are student financial aid applicants selected at random.
Louis, that lists the types and amounts of aid offered and the terms and conditions of that aid. The form is required whether or not you received financial aid while you were a student at that institution. The borrower is charged interest during a forbearance. A forbearance is usually granted at the discretion of the lender to borrowers ineligible for a deferment. Parents of independent students are not eligible for Direct PLUS Loans.