Scholarship Loan Repayment Costs and Schedule

Repayment costs, installments, and period

The scholarship loan recipient is responsible for fees associated with repaying the loan. Repayment is made in equal annual installments of principal. The repayment period is five years, beginning in the fiscal year after the year in which the borrower completes the master's program or doctoral late-stage program, or withdraws at the end of the prescribed program period.