The federal government established this program to provide long-term loans at low-interest rates to students enrolled in 6 credit hours or more. An applicant must verify need for financial assistance and is required to maintain good academic standing. No interest accrues during the time of enrollment. Repayment may be made over a 10-year period at 5 percent interest beginning 9 months after the borrower ceases to be enrolled in at least 6 credit hours. These funds are extremely limited.