Federal Loan Programs
Effective January 1, 2010 - All new loans processed after or with a first disbursement date after January 1, 2010 will be processed through the Federal Direct Loan program. This will not affect current TLU students who graduated in May or August 2010.
Students currently enrolled at TLU will need to complete a federal Direct Loan master promissory note (MPN) before loan funds will be disbursed. Students and parents who have already completed a federal Direct Loan MPN do not need to complete a new MPN for TLU.
Federal loan programs are loans offered at low interest rates that allow students to borrow funds to pay their educational expenses. Repayment of these loans begins six to nine months after the student graduates or drops below half-time (6 credit hours) enrollment. For additional information on loan types, interest rates and repayment options visit studentaid.gov.
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