This loan is not based on financial aid and can be used to replace the students EFC - Expected Family Contribution .
Students are responsible for the interest on the loan from the time of disbursement.
BSC transmits applications electronically to the Commonly Used Lenders the student selects. The lender sends the student a Master Promissory Note which needs to be completed by the student and returned to the lender. Students must complete an Entrance Interview before loan proceeds can be disbursed. An Exit Interview needs to be completed when students leave school. For information on repayment, deferments, loan limits, etc. go to Student Guide - Financial Aid .