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Eligibility for Graduate Students |
- Students with low-or moderate-income parents (as demonstrated by their parents’ most recent federal income tax return) enrolled in graduate or professional degree programs such as social work, education, special education, public administration, pharmacy, occupational therapy and physical therapy.
Please note: Medical, dental, law and MBA students are not eligible.
- Parents may also borrow.
- Applicant must be a legal resident of the U.S.
- Applicants with temporary, work or student visas are not eligible
PROGRAM DESCRIPTION
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Initial Loan Amount
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Up to $10,000 based on the following formula
Tuition- [Expected Family Contribution + all government and school grants and scholarships +Perkins loans +Subsidized Stafford loans]
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Monthly Loan Payment
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Student borrower: $25 a month until graduation, and then $300 a month after graduation.
Parent borrowers: $300 a month, beginning one month after the loan is extended
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Follow-on Loans
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Up to $10K as determined by the formula above, provided the student is still in school and borrower has a good repayment history.
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Maximum Cumulative Amount Borrowed
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$20,000
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Borrower
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Graduate students or their parents
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Cosigner Criteria
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Family income of at least $50K, and a FICO score of at least 680 as evidenced by an Experian credit report
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