Because of the minimal number in this mortgage loans, Macalester College is not able to give people deferments to own fees

Macalester Money has actually a beneficial 0% interest rate when you are enrolled at Macalester School at the half-date level otherwise a lot more than and you can throughout an effective six week elegance period when you get-off school. Installment begins at the conclusion of the sophistication months and you can continues having a period of 10 years, when focus is billed at 6%. You can even sign up for forbearance. Desire accrues and must be paid while in the symptoms away from forbearance. You can even pay most of the or the main principal and you can focus at any time with no penalties.

Entrance Counseling : If provided a beneficial Henry Strong otherwise Macalester financing of the Financial Aid Place of work, you are necessary to sit in an entrance guidance session shortly after you’ve got complete an application.

Hop out Guidance: You need to complete financing hop out class before graduation. An association would be emailed for your requirements because of the mortgage administrator just before graduation. You will receive a list of your liberties and you may obligations, an introduction to fees, and you may information regarding the effects from delinquency and you can standard. Continue Reading