Parents may borrow up to the cost of attendance minus any other educational resources and financial aid awarded to students. This program permits a student to borrow money from a commercial lending agency without the need for collateral.No interest accrues and not payments are required until month 5. If you are interested in financing, please take the time to fill out our online finance application. This application is safe, secure and confidential. The Collin College Student Handbook is for information only and is not intended as a contract, expressed or implied. "As from the date of your acceptance hereof you will be in a position to complete this loan, we agree to pay interest on our Note No. 1 from its date.