Students may be offered the opportunity to borrow through the Widener Scholars Loan Program. This institutional loan accrues no interest while in school and during the six month grace period. Interest accrues at 5% upon entering repayment and the repayment term is ten years. This is a private loan and subject to the provisions in the Higher Education Act of 1965, as amended (HEA) and Truth in Lending Act. Students will be eligible to continue to borrow in subsequent years as long as they maintain the required cumulative grade point average.