Loan: This need-based loan is funded by the federal
government and the College.
Federal Direct Subsidized
Stafford Loan: 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
Federal Direct 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 Direct 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.
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
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 Loan.