This program established Fall, 1994, provides students with an interest-free loan equal to the tuition cost (three credits) "less any applicable financial aid" of the student's first alternating* Cooperative Education placement, providing that the registration/placement occurs prior to the start of the student's Junior year. The loan will be forgiven in full upon the student's graduation from Southampton Graduate Campus. This loan program operates as follows:

• The maximum loan amount will be equal to the tuition cost of three credits "less any applicable financial aid" of the student's first alternating* Cooperative Education registration. The co-op loan covers only the first three credits. The placement must occur prior to the start of the Junior year.
• You are eligible for the Co-op Loan Program any time before the start of your fifth full time semester (example: the summer before your Junior year (fifth semester). Transfer students with less than 90 credits are eligible (the 90 credits are exclusive of ACE or AP credits gained in high school).
• The loan will be forgiven in full upon graduation from Southampton College, providing the student has completed the Co-op with a passing grade.
• Co-op placements may be taken during the Fall, Spring or Summer terms. Winter term Co-ops are not eligible for this loan program as they carry a maximum of only 2 credits.
• Loan eligibility is verified by the Co-op Office upon approval of the Permission to Enroll (PTE) form and actual registration.

* An alternating co-op is a experience taken while at the co-op site and not at Southampton Graduate Campus. Frequently, alternating co-ops are done in the summer.