Yes. To do this, an amortizing note must be signed. An amortizing note is a repayment promissory note, which replaces the original promissory note that you signed while in school. The note allows you to make monthly installments for a repayment period of up to 10 years.
All borrowers are set up onto a monthly repayment schedule.
No, all payments are due on the first of each month.
Payments can be manually remitted to the Foundation. For your convenience, a coupon booklet will be sent to you once a signed amortizing note is received in our office. Or, you may choose to have your payments automatically deducted from your bank account. For details, please review the Automatic Direct Debits Repayment Plan information below.
When a payment is received, it is first applied towards outstanding late charges and accrued interest, with the remaining amount applied to principal.
To obtain more information on loans, contact me!
Deborah K. Monko
Director, Student Financial Services
Phone: (717) 558-7809
To obtain more information on scholarships, contact me!
Manager, Finance, Compliance & Scholarships
Phone: (717) 558-7815