Loans & Grants


Loans

Federal Direct Subsidized Loan

This need-based program enables students to borrow an educational loan from the Department of Education. 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 StudentLoans.gov to complete the Entrance Counseling and MPN.

Federal Direct Unsubsidized Loan

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 StudentLoans.gov to complete the Entrance Counseling and MPN.

Federal Direct PLUS Loan

This loan program enables parents with good credit histories to borrow an educational loan from the Department of Education for each child who is enrolled at least half-time and who is a dependent student. There is no grace period for these loans.

Student Loan Entrance Counseling

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

Student Loan Exit Counseling

Before leaving school, every student who borrowed a Federal Direct Subsidized/Unsubsidized loan must complete the Federal Direct Subsidized/Unsubsidized Exit Counseling at StudentLoans.gov .

Ministerial Loan

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 Wilson.

Lindsey Wilson-Fenley 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.

Private/Alternative Loan

Visit FASTChoice to learn more about Private/Alternative Loans.

Grants

Federal Pell Grant

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

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

Federal Supplemental Educational Opportunity Grant

This federally funded grant is awarded to students based on financial need.

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

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. Students must have a minimum cumulative GPA of 3.0 and already be accepted into the Lindsey Wilson College Education program to receive 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 Stafford Loan.

Kentucky State Grants

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

Christian Service Grant

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

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 Wilson.

Athletic Grants-in-Aid

Awarded by the College upon the recommendation of the Athletic Department, these grants are based on athletic ability and need.