Alternative (Institutional) Loans

Vandal Loan

The Vandal Loan is a long-term loan funded from donations and endowment to provide assistance to students with dire need who have exhausted all other federal aid options. The loan has a 5% interest rate, a nine months grace period, and a maximum 10 years for repayment. The Student Financial Aid office makes the determination to award the funds: Student Accounts administers the promissory note, disburses the funds, and  collects loan repayments.

Benjamin O. Braham Loan

This long-term loan was established by Benjamin O. Braham (BOB) to assist students who are graduates of Kellogg High School, Kellogg, Idaho. The loan has a 3% interest rate, a nine months grace period, and a maximum 10 years for repayment. The Student Financial Aid Office makes the award determination and includes it in the financial aid packaging for those students who qualify. Student Accounts administers the promissory note, disburses the funds, and collects loan repayments.

More Information

For information about how to apply for the Vandal Loan or Benjamin O. Braham Loan, please contact Student Financial Aid Services.