Criteria: Financial need; enrolled at least half time; meeting the Satisfactory Progress Policy requirements.
Amount: Variable.
Interest and Fees:
Interest rate: fixed at 5 percent; does not accumulate until repayment period begins.
Fees: none.
Repayment: Repayment of principle begins six months after the student graduates, leaves school
or drops below half-time enrollment; up to five years to repay.
Exit Counseling: Borrowers of TECHAID Loans are required to complete Exit Counseling when they graduate, withdraw, or otherwise cease to attend school at least half-time.
Other: Not eligible for if currently receiving or have previously had a Federal Perkins Loan. For additional information on TechAid loans please visit the Financial Services and Operations website.