Federal government pays the interest until repayment begins nine months after student graduates, withdraws, or drops below half time. Five percent interest with up to 10 years for repayment. Due to limited funds, Bethel offers Perkins loans only to students with the greatest need, who also have limited eligibility for other loans. Students demonstrating financial need. Federal government pays the interest until repayment begins six months after student graduates, withdraws, or drops below half time.
Previous borrowers retain their original interest rates.
In 1999-2000 the variable rate was 6.32 percent. Loans are made through a bank, savings and loan, or credit union. Borrowers may receive both subsidized and unsubsidized Federal Stafford Loans. Before applying for a SELF loan, the student must apply for federal financial aid. Student makes quarterly interest payments.