Q: Will interest accrue while I am in school?
A: Your student loan will be non-interest bearing while you are attending a Texas college or university and maintaining the following terms and conditions:

1. You must maintain full time status, 12 hours for undergraduate studies, and 9 hours for graduate studies.
2. You must maintain the minimum grade point average of 2.0 for undergraduate studies, and 3.0 for graduate studies.
3. You must send a transcript at the end of each semester to JPMorgan Chase Bank, N.A. as well as registration information at the beginning of each semester.
4. You must be attending a Texas College or University that has been accredited by the Commission on Colleges of the Southern Association of Colleges and Schools.
5. Interest begins accruing on the first day of the fourth month after leaving school.

Q: What is the interest rate while in repayment?
A: The current Interest rate is a 4% fixed rate.

Q: When do I have to pay back my loan?
A: On the first day of the fourth month after you stop attending school interest will begin accruing and all of your student loans from the Franklin Lindsay Student Aid Fund will be consolidated. You may pay off the loan in full at this time or begin making installments payments. All student loans must be paid in full within 7 years of leaving school.

Q: How do I renew my loan?
A: Each spring you will need to submit your application as all loans are approved on a first-come first-served basis. While you have until June 1st to complete the renewal process, we recommend you complete this process as soon as possible because renewals are not prioritized over new loan applications and the funds are limited each year.

Q: Will medical school residency constitute full time status needed to keep the interest and payments deferred on this loan?
A: No, the loan payments and interest are not deferred during medical residency.