Loan Repayment:

Loan repayment is scheduled in not more than fifty equal monthly payments (rounded to the nearest dollar). The first payment is due three months after the estimated completion date of the studies for which the loan was approved, as specified in the Student's Loan Agreement.

Borrowers may pay their loans at an accelerated rate, increasing their monthly payment, or in a lump sum at any time.  During their stay in the U.S., Borrowers may want to accelerate their payments since, upon returning to their countries, they cannot claim difficulties in obtaining the necessary US dollar currency as an excuse for delaying or suspending payments. 

In accepting the loan, the Recipient and the Guarantor agree to abide by the terms and conditions of the contract entered into with the Fund.

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