Bennington Loan for International Students

This loan is offered to international students at Bennington College who have applied for financial aid. No additional funds are available beyond the amount shown on the financial aid award.

The Bennington Loan requires no online application. Borrowers go to the Bennington College Business Office at the beginning of each term to sign the loan papers.

Basic Loan Information

• Interest rate. The interest rate is fixed at 8%.
• Loan fees. There are no loan fees.
• Lenders. Bennington College is the lender.
• Disbursement. Disbursement for a full-year loan is half each term, disbursed to Bennington College early in the term after the student comes to the Business Office to sign loan papers.
• Interest accrual. Interest begins to accrue six months after the student ceases to be at least a half-time student at Bennington College.
• Repayment. Repayment begins six months after the student graduates, leaves school, or drops below half-time attendance. Borrowers may request deferment of principal repayment during graduate school, but interest will continue to be due. Minimum repayment amount is $25 per month.
• Length of repayment. Length of loan repayment is 10 years. The borrower may prepay the loan at any time, and future interest will be reduced by making such payments.
• Loan options. If, after graduating from Bennington College, a borrower returns to at least half-time study in a graduate or professional school or pursue advanced professional training, he or she may request, in writing, that the College defer payments of principal. Interest payments may not be deferred, and monthly interest payments are still required.