Rowe Fund 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.  Preferably a person 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.  Certificates of Deposit (CD) or direct deposit into 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  The money invested in the CD plus the interest gained may be withdrawn once the beneficiary pays the loan.  Please click here for more information about opening a CD or direct deposit into the OASFCU.

c.  An Institution or other acceptable mechanism. For instance, this may be a reputable institution that provides adequate security to guarantee an individual, usually an employee or prospective employee of that institution, and that is able and willing to co-sign as the Guarantor.  Please click here to learn more.

d.  A financial institution offering to guarantee a Rowe Fund loan for a price.  All charges and fees must be approved by the GS/OAS, and the institution shall ensure that the interest charged to students does not exceed three percent of the outstanding balance.