Student loans must be underwritten by a guarantor who signs an agreement pledging to repay the unpaid balance of the debt should the loan recipient default on his or her payments.  Acceptable guarantors may be:

a.  A person, other than a spouse, who is either a citizen or a permanent resident of the United States. Please click here for additional information and Guarantor's Agreement form.

b.  A CD or direct deposit in the OAS Staff Federal Credit Union (OASFCU).  A person that has the amount requested by the prospective applicant may deposit that amount in a Certified Deposit (CD) or savings account in the OAS Staff Federal Credit Union.  The money invested in the CD plus the interest gained may be withdrawn once the beneficiary pays the loan.  Click here for more information about opening a CD or direct deposit in the OASFCU.

c.  Institution or other mechanism accepted as guaranty. For instance, this may be a reputable institution that provides adequate security to guaranty an individual, usually an employee or prospective employee of that institution, which is able and willing to co-sign as the Guarantor.  Click on the following link for more information regarding the different methods to guarantee a Rowe Fund loan.