Graduate School Student Loan (GSSL)

Graduate School Student Loan (GSSL) is a loan offered for eligible CNMI residents who are in pursuit of their graduate/post graduate degrees.  Funds for GSSL is contingent upon the availability of funds and amounts will be determined after application deadline of July 1st.  He/She may be enrolled part-time or full-time and must first meet the following statutory requirements:

All CNMI Scholarship Office financial assistance have a work service payback.  A recipient who returns and performs work in/for the Commonwealth within six months of graduation or non-enrollment will not pay interest on their GSSL and has a repayment plan of six years maximum (72 payments or less).  However, should an applicant not return and perform work for the Commonwealth within the six months time allowed, their GSSL will be penalized with a 5% annual interest rate and must be paid in full or may go on a six years repayment plan.

To avail of this loan, an applicant must create a student profile and complete the online application.  Please apply no later than the established annual deadlines of July 1st or December 15th.  Applications for semester and quarter calendar systems submitted on July 1st deadline are valid for the entire academic year. 

Supporting documents must be submitted  no later than the following established deadlines:

                     TERMS                                                                     DEADLINE

                     Fall Semester/Quarter                                              September 30th

                     Winter Quarter & Spring Semester                           February 28th

                     Spring Quarter                                                          April 1st

In addition, please use the following list to determine which supporting documents you must submit to the CNMI Scholarship Office:

NEW APPLICANTS (First time applicant)

  1. Acceptance Letter 
  2. Official Transcript (e-Script must be e-mailed directly to the CNMI Scholarship Office)
  3. Class Schedule (enrolled in 1-11 credits)
  4. Proof of Citizenship (Valid US Passport)
  5. Proof of CNMI Registered Voter *
  6. Proof of three (3) years consecutive CNMI residency 

 

ONGOING (Applicant who was awarded no more than one academic year ago)

  1. Acceptance Letter (Only if changing schools)
  2. Official Transcript (e-Script must be e-mailed directly to the CNMI Scholarship Office)
  3. Class Schedule (enrolled in 1-11 credits)

RETURNING (Applicant who has not been awarded more one academic year)

  1. Acceptance Letter 
  2. Official Transcript (e-Script must be e-mailed directly to the CNMI Scholarship Office)
  3. Class Schedule (enrolled in 1-11 credits)
  4. Proof of Citizenship (Valid US Passport)
  5. Proof of CNMI Registered Voter *
  6. Proof of three (3) years consecutive CNMI residency

Voter's Certification Report (VCR) will be required to satisfy #5 & #6 if voted in 2014 election.

NOTE CNMI annual 1040, Employment Verification, Transcripts & Military orders, Voter’s Certification Reports (VCR), and/or Certified Medical/Dental visit dates may be used to proof residency.  CSO might require you to submitted additional documents to support any of the above requirements.

 

Last Updated 11/8/2018