Federal Perkins Loan: This need-based loan is funded by the
federal government and the College.
Federal Subsidized Stafford Loan (formerly Guaranteed Student
Loan): This need-based program enables students to borrow
from a local lending institution, such as a bank or credit union.
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 Unsubsidized Stafford Loan: This is a non-need-based
Stafford Loan. The student is responsible for the interest during
in-school and deferment periods.
Federal 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.
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 one-half
tuition, which will be forgiven if the student remains in full-time
service to the Church for five years after attending Lindsey
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