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Financial Aid

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ENTRANCE INTERVIEW COUNSELING FOR FEDERAL GRADPLUS LOANS

PLEASE REVIEW THE FOLLOWING STATEMENTS:

Approval of this loan is based on your credit history. The lender that you choose will perform the credit check.

Interest rate: fixed rate is 8.50%. Interest accrues on this loan while you are in school.

You may defer payment during school if you are enrolled at least half-time(6 credit hour per semester) .

Repayment begins after your graduate, leave school, or drop below 6 credit hours.

Standard repayment term is 10 years. Extended repayment options beyond 10 years are also available.

Your lender may sell your loan or use a servicer to manage your account and must notify you of the name, address and telephone number of the new lender.

YOUR RESPONSIBILITIES:

YOUR RESPONSIBILITIES FOR THIS LOAN ARE THE SAME AS THOSE YOU HAD REVIEWED FOR THE FEDERAL STAFFORD LOAN

If you would like clarification regarding any of the statements listed above or have questions regarding this process, please feel free to contact the Financial Aid Office at 464-4329.

I HAVE REVIEWED EACH STATEMENT AND UNDERSTAND MY RESPONSIBILITES: Continue

 


Last Modified: Jun 30, 2008
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