Student is party to the loan.
The interest rate is determined by the credit of the borrower or co-signer. 15-year repay period Can be deferred up to 5 years while student is in school. Bills can be sent to the student after enrollment ceases. Before you consider an alternative loan, make sure you have determined your eligibility for Federal Stafford and PLUS Loans. After looking at the Federal Loans, you can consider the wide, growing array of educational financing options available to assist families in meeting college costs.