Campus-Based Loans

SCO participates in two campus-based Federal loan programs. "Campus-based" means that we act as the lender for the Federal government by originating loans to current students and collecting repayments from former students. These repayments, in turn, become new loans for current students.

Our campus-based programs are the Federal Perkins Loan Program and the Federal Health Professions Student Loan Program. Together, these two programs provided about $5.5 million to our students last year. Campus-based loans are electronically credited to the student's account in equal increments at each registration. The interest rate on these loans is 5%. Interest does not accrue while in school or during grace.

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