Drown Loan Information
· The interest rate is 2% less than the current Federal Direct Subsidized Loan rate at the time of disbursal and interest does not accrue or capitalize while you are enrolled at least half the time in school.
· Students have a 10-year standard repayment plan
· Repayment begins 6 months after you graduate or drop below half-time status
· Funds will be credited directly to the Student Account bill
Please note: Once you have accepted the Drown Loan, Hamilton College will send the information to ECSI - our loan servicer. ECSI will send you an email notification as soon as your promissory note and supporting disclosures are available to complete. Please allow 72 hours from the time you accept your loan to receive this notification.