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| Continuing Education loans | Repayment
• The standard repayment option allows you to make monthly payments of principal and interest. The minimum payment for month is $30.
• You can make repayments during 15 years.
• While you are in school you can choose the interest-only repayment option which allows you to pay interests only. When you complete your school you make standard repayment of principal and interest.
• The $10 deferred repayment option gives the possibility to postpone payments for up to 12 months, not to exceed the anticipated graduation date on the application. You pay only $10 for month during postponement. This $10 monthly payment will be applied toward the interest that accumulates on the account during postponement.
Legal
• Up to 60% of the tuition amount may be financed for other expenses, not to exceed $6,000. Terms may range by school.
• The Continuing Education Loan is a private, credit-based loan and is not federally sponsored or guaranteed.
• Minimum monthly payment is $10 per month under the $10 deferred repayment option.
• Continuing Education Loans are made by state or federally chartered financial institutions.
• The school and its financial aid office act on their own behalf and do not represent you.
• Repayment begins at least 30 days, but no more than 60 days, after disbursement.
• There is a $30 fee for each cosigner.
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