What is an SEF Agreement?
A Student Education Fund Agreement (SEF Agreement) is a financial commitment that begins after you leave school. After receiving funds to help cover your education, you agree to make a fixed number of income-based monthly payments — but only in months when your income is above a minimum threshold (called the Lower Income Cut-Off).
The total amount you pay is determined by your income after school — not by the amount you received. Some Fellows may repay more than they were funded; others, especially those earning less, may repay less.
Your SEF Agreement is designed to adjust with your circumstances and protect you during periods of low income, offering a flexible alternative to traditional student loans.
To learn more, please see our Application and Solicitation Disclosure.