LOAN PROGRAMS

Loan application periods are as follows:

Fall 2008 Application period
September 8, 2008 - November 14, 2008

Spring 2009 Application Period
February 2, 2009- April 17, 2009

The Federal Stafford Loan assists students from both low- and middle-income families. Students who demonstrate need for a portion or all of the annual limit will receive a 'subsidized loan' for which the federal government will pay the interest due to the lender while the student is eligible for an in-school deferment and for the duration of any grace period. Stafford loan payments are deferred while the student maintains halftime or greater enrollment in school. Repayment begins 6 months after the last date of enrollment in 6 units, or graduation.

Students who do not demonstrate need for part or all of the annual borrowing limit may still receive an 'unsubsidized loan' for which they must pay their own interest during the time they are in school.

A Stafford Student loan is a long-term financial obligation which can limit your cash flow and your purchasing ability for many years into the future. We hope you will seriously evaluate whether taking on loan debt is truly necessary to make ends meet. We strongly recommend you look at other ways to meet your current financial needs by careful budgeting, taking on a part-time job, etc. If you decide a loan is a necessity to meet your educational expenses, borrow only what you need.