It is recommended to apply for the full academic year to take advantage of the following benefits:
- A streamlined single application for the year; one less thing you need to worry about throughout the year
- You only pay interest on the disbursed amount, your school will set the disbursements for each semester
- If approved, you are guaranteed funding for the full year
- If approved, you are guaranteed the same rate for the full year
We only recommend taking a single-semester loan if you only need the money for one semester.