It has the same deferment and forbearance options as the federal Stafford loan program.
As such, graduate and professional students can postpone repayment using in-school deferment while enrolled at least half-time in a degree or certificate program of study.
[2] Many lenders offer borrower benefits to reduce this interest rate during repayment.
During any period of deferment or forbearance, interest can accrue and be capitalized to the principal loan balance at the end of the deferment or forbearance period if it is not paid by the borrower as it accrues.
There is also a 4.272% origination fee attached to the loan that, due to regulations, cannot be paid by the lender on the borrower's behalf.