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Scofield Loan

(Annapolis Only–Limited Amounts Available)

This is an institutional loan program offered only at the Annapolis campus. Scofield loans are primarily for returning domestic undergraduate students who need assistance beyond the federal Direct Loan program.

Key points

• Fixed interest rate of three percent
• Repayment begins six (6) months after graduation, withdrawal or ceasing to be a half-time student.
• Can be deferred, if you are enrolled at least half-time as a regular student at an eligible accredited institution in the United States, or a comparable institution outside the United States.

REPAYMENT TERMS: Scofield loans have a fixed interest rate of three percent. Repayment begins six months after the student leaves school and continues for a maximum of ten years. The minimum payment is $25 a month. Payments may be deferred if the student is enrolled at least half-time at a college or university.