Loans
Loans should be considered after grant and work-study eligibility has been determined.
Loans are considered self-help financial aid, because you must repay the money loaned to you.
Student loan programs offer favorable terms reserved for students. Interest rates are lower than typical consumer rates.
You may have an interest-free grace period before repayment begins.
Some loans may be deferred or repaid if you work in a particular program or government job after graduation.
If you are awarded a loan, the amount you are eligible to receive will be listed on your award notification.
You must indicate your acceptance when you complete your award notification.
