This loan is available to students based on demonstrated financial need. It is awarded at the discretion of the Director of Financial Aid. The fixed interest rate is 8%. No interest is charged until the student is scheduled to begin repayment six consecutive months after they graduate, leave school, cease to be at least a half-time student as defined by the institution, or cease making satisfactory academic progress. If you qualify, the Roanoke College Financial Aid Office will require you to complete the RC Institutional Master Promissory Note and the RC Loan Request Form.
Are you curious what your loan payments may be? Check out Finaid's loan repayment calculator. You will have the ability to manipulate figures so you can determine just what your payment will be when you enter into repayment. (Loan Repayment Calculator)
Federal Student Aid: www.studentaid.gov
Ombudsman Group Link: studentaid.ed.gov/sa/repay-loans/disputes/prepare/contact-ombudsman
Loan Servicer: home.ecsi.net