Loans
A loan must be repaid upon graduation or when no longer enrolled
in school on either a full or half-time basis (depending upon
the terms of the individual loan program). A promissory note
(legal agreement to repay) must be signed before a loan will
be disbursed. The promissory note contains detailed information
about terms, responsibilities, and repayment of the loan. There
are no penalties for prepaying principal or interest in any student
loan program. Federal regulations require all first-time Stafford
Loan borrowers to participate in loan counseling prior to the
disbursement of the loan.
Applying for Student Loans
Special Notice to Grad PLUS borrowers
Students interested in receiving a Federal Graduate PLUS Loan should read this important notice.
Alternative Loans are non-federal educational loans available from a variety of national lending institutions. Minimums and maximums vary for these loan programs but all require a satisfactory credit history.
