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General Financial Aid Information |
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1. What is the minimum amount I can borrow? |
| The minimum loan amount is $ 600.00, and the maximum is $2,000.00. |
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2. What are the interest rates? |
| Interest rates are based on students'credit history. |
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3.Can loan payments be deferred plans? |
| Student loan payments can be deferred for 4 months |
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4. Period of loan amortization? |
| Terms are amortized from 6 months to 36 months |
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5. Are MIFA loans transferable? |
| The MIFA student loan may be sold or transfered to another servicer of student loans |
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6. Will all personal information be kept confidential? |
| Yes: all information furnished by you is strickly confidential |
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7. Do you require proof of identity? |
| You must furnish proof of identity at the time of filling out the application and at the signing of student loan documents i.e (driver license, social security card, permanent resident cards, state ID, passport...) |
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8. Do you have any more questions? |
| Please contact MIFA financial aid advisor for any question you may have. |
