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Loans & Grants


Loans

Federal Direct Subsidized Loan - Undergraduates

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.

All students that accept the Federal Direct Subsidized Loan must complete the online Entrance Counseling and Master Promissory Note (MPN). Visit https://studentaid.gov/entrance-counseling/ to complete the Entrance Counseling and https://studentaid.gov/mpn/ to complete the Master Promissory Note.

Federal Direct Unsubsidized Loan - Undergraduates and Graduates

This is a non-need-based educational loan from the Department of Education. The student is responsible for the interest during in-school and deferment periods.

All students that accept the Federal Direct Unsubsidized Loan must complete the online Entrance Counseling and Master Promissory Note (MPN). Visit https://studentaid.gov/entrance-counseling/ to complete the Entrance Counseling and https://studentaid.gov/mpn/ to complete the Master Promissory Note.

Federal Direct Parent PLUS Loan - Undergraduates

This loan program enables parents with approved credit 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.

If a guardian is eligible to receive the Federal Direct Parent PLUS Loan after completing the application process; they must submit the Master Promissory Note (MPN). Visit https://studentaid.gov/mpn/parentplus/landing to complete this requirement.

Federal Direct Graduate PLUS Loan - Graduates

The Federal Direct Graduate PLUS Loan is a low interest rate, unsubsidized loan for graduate and professional students. The program allows a graduate student to borrow up to the cost of attendance, minus any other financial aid received. Graduate or professional students must be enrolled at least half-time at an eligible school in a program leading to a graduate or professional degree and must meet the eligibility requirement established by the U.S. Department of Education.

If a student is eligible to receive the Federal Graduate PLUS Loan after completing the application process; they must submit the Master Promissory Note (MPN). Visit https://studentaid.gov/mpn/grad/landing to complete this requirement.

Student Loan Entrance Counseling - Undergraduates and Graduates

Every student who accepts a Federal Direct Subsidized/Unsubsidized loan must complete the Entrance Counseling process at https://studentaid.gov/entrance-counseling/. Loan money cannot be disbursed to a student account until the Entrance Counseling is complete.

Student Loan Exit Counseling - Undergraduates and Graduates

Before leaving school, every student who borrowed a Federal Direct Subsidized, Unsubsidized or Grad PLUS loan must complete the Exit Counseling at https://studentaid.gov/exit-counseling/.

Ministerial Loan - Undergraduates

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.

Private/Alternative Loan - Undergraduates and Graduates

Visit FASTChoice to learn more about Private/Alternative Loans.

Grants

Federal Pell Grant - Undergraduates

This federally funded grant is awarded on the basis of financial need. This grant is the foundation upon which all other aid is based.

Lindsey Wilson Grant - A.P. White Campus - Undergraduates

This grant, funded by Lindsey Wilson College, is designed to help meet a student's financial aid need as determined from the Free Application for Federal Student Aid (FAFSA). This grant program helps ensure that all students have an opportunity to benefit from a Lindsey Wilson College education.

Federal Supplemental Educational Opportunity Grant - Undergraduates

This federally funded grant is awarded to students based on financial need. Limited funds are available, and priority is given to Pell Grant recipients.

Federal Teacher Education Assistance for College and Higher Education (TEACH) Grant - Undergraduates

Students who intend to teach in a public or private elementary or secondary school that serves students from low-income families may be eligible for this grant. In exchange for receiving a TEACH Grant, students must agree to serve as a full-time teacher in a high-need field in a school that serves low-income families. Students must teach for at least four academic years within eight calendar years of completing the program of study for which they received a TEACH Grant. Failure to complete this service obligation will result in the grant being converted to a Federal Direct Unsubsidized Loan.

Kentucky State Grants - Undergraduates

These grants, funded by the Commonwealth of Kentucky, are awarded according to need to Kentucky residents attending Kentucky colleges and are subject to availability of funds. The grants are available as a Kentucky Tuition Grant (KTG) or College Access Program Grant (CAP).

Christian Service Grant - Undergraduates

This grant is available to the unmarried children under age 24 and/or spouses of a Kentucky United Methodist minister who is employed in full-time service of the Church. Up to one-half of the tuition will be granted depending on other financial assistance awarded. It is also available to unmarried children under age 24 and/or spouses of a deceased full-time Kentucky United Methodist minister.

Ministerial Grant - Undergraduates

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 College.

Athletic Grants-in-Aid - A.P. White Campus

Awarded by the college upon the recommendation of the Athletic department, these grants vary in amount and are based on athletic ability and need.