The interest does not accrue while a student is enrolled for six or more credits per semester. Awards are based on availability of funds. Interest and principal payments begin after a nine-month grace period following graduation or if enrollment drops below six credits per semester, excluding official leaves of absence. This commercial loan is available specifically for graduate business students who need additional funds to supplement the Stafford Loans. Interest payments are made quarterly while the student is in school.
Principal payments are deferred while the student is enrolled for at least six credits.
This educational loan program is sponsored by Nellie Mae, a private, non-profit organization. Borrowers may choose between two variable interest rate options. Repayment of principal and interest may be deferred while enrolled at least half-time. The CitiAssist Loan is an educational loan program that can assist students in meeting the educational costs that exceed the Federal Stafford Loan Program's annual limits. The CitiAssist Loan includes benefits such as no loan fees, special interest rate pricing for Fordham students, no payments while in school, flexible repayment options, a co-signer release option, and flexible loan limits allowing students to borrow costs of attendance minus financial aid.