The United Methodist Loan is available to a student who is an active, full member of The United Methodist Chruch for at least one year prior to application. A cosigner is required. Repayment begins no later than six months after graduation and there is a ten-year repayment period. Interest accrues on the principal balance from the date the loan check is disbursed until loan is paid in full. There are no prepayment penalities.
Loan applications are available in the financial aid office.
The student budgets for any amount of the year's charges, which is divided into 10 equal installments. The first payment is due June 1. You may enter the program after June 1 by sending a check for all missed payments. Ask for an application at the Financial Aid Office. An application and processing fee will be assessed.