2808.01.05.02  TYPES

References:  34 C.F.R. 674.34 and 674.34(a); NACUBO/SLCP, pp. 42-45; 
NASFAA Encyclopedia 5.8.4.

1.	Student (3, 4, and 5 percent interest rate)---For an unlimited period 
	during which the borrower is at least a  half-time student at an eligible 
	institution of higher education.

2. 	Military (3, 4, and 5 percent interest rate)---For a maximum period of 
	three years during which the borrower is a member of the U.S. Armed 
	Forces or is an officer in the Commissioned Corps of the U.S. Public 
	Health Service (4 and 5 percent only).

3.	Peace Corps, VISTA/ACTION (3, 4, and 5 percent interest rate)---For a 
	maximum period of three years during which the borrower is a 	
	volunteer in the Peace Corps or under the Domestic Volunteer Service 
	Act of 1972 or comparable volunteer service (4 and 5 percent interest 
	rate only).

4.	Hardship (3, 4, and 5 percent interest rate)---Provisions vary; refer to 
	the Federal Register.

5.	Disability (3, 4, and 5 percent interest rate)---Provisions vary; refer to 
	the Federal Register.

6.	Internship (4 and 5 percent interest rate only)---For a maximum period 
	of two years during which time the borrower is serving an internship 
	required for professional recognition.

7.	Low Income (4 and 5 percent interest rate only)---Extends repayment 
	period up to ten years for individuals expected to continue to meet the 
	criterion for low income during that repayment period.