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U.S. Department of Transportation U.S. Department of Transportation Icon United States Department of Transportation United States Department of Transportation
Operational Status: Open

What are the advantages to taking out a Federal Student Loan?

There are several advantages to taking out a Federal Student Loan. Among them:

  • Establish good credit history
  • Ease in ability to secure a loan. Loans are awarded based on full time attendance at USMMA, regardless of past credit history.
  • Generous borrowing terms and conditions, such as deferment/forgiveness for Public Service, forgiveness in the event you are unable to physically work, deferment/forbearance in the event you are unable to make payments.
  • Various repayment options such as pay as you go and Income Based Repayment, as well as the standard 10 year repayment plan.
  • Competitive Rates
  • For additional details please visit, https://studentaid.gov/

Now accepting applications for the Class of 2031