Loans
Federal Perkins
Loan
This need-based loan is funded by the federal government and the
College.
Federal Direct Subsidized
Stafford Loan
This need-based program enables students to borrow a student
loan. The loan is insured by the federal government, and the
federal government pays the interest while the borrower is enrolled
in school at least half-time, during a grace period, and during
authorized periods of deferment. Interest will begin to accrue from
the beginning of the repayment period.
Federal Direct Unsubsidized
Stafford Loan
This need-based program enables students to borrow a student
loan. The loan is insured by the federal government, and the
federal government pays the interest while the borrower is enrolled
in school at least half-time, during a grace period, and during
authorized periods of deferment. Interest will begin to accrue from
the beginning of the repayment period.
Federal Direct PLUS
Loans
This loan program enables parents with good credit histories to
borrow for each child who is enrolled at least half-time and who is
a dependent student. There is no grace period for these loans.
Interest is determined annually by the federal government.
Ministerial
Loan/Grant
This assistance is offered to students who plan to enter the
ministry of The United Methodist Church. It is given in the form of
a need-based loan for up to one-half tuition, which will be
forgiven if the student remains in full-time service to the Church
for five years after attending Lindsey Wilson.
Lindsey Wilson-Fenley
Loan
This loan is funded by a gift from the late R. B. Fenley, a 1909
Lindsey Wilson alumnus. This loan is awarded to needy students who
might otherwise be unable to attend college, and it is administered
by the College using similar guidelines and at the same interest
rate as the Perkins Student Loan.