Types of Financial Aid
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Federal Perkins Loan
| Facts: |
Requirements: |
- Loan program (must be repaid)
- Repayment begins nine months after the student graduates or ceases to be enrolled at least half-time.
- Rate of interest is five percent.
- Offers up to $4,000 for each year.
- Funds are limited. (Apply early.)
- See Student Loan Default Prevention Program.
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A student must...
- Demonstrate financial need.
- Be enrolled at least 6 credit hours in an eligible program. (If you are enrolled at least 6 credit hours per semester, you will receive the total amount of your
loan awarded each semester.)
- Make Satisfactory Academic Progress.
- Possess good credit rating.
- NOT be default on loans.
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Complete:
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| How To Apply |
- Apply to the College and be admitted to an eligible program of study.
- Complete the FAFSA form.
- If you are applying for the Fall 2012, Spring 2013, or Summer 2013, complete the 2012-13 FAFSA form.
- Complete your Financial Aid file
- Complete pre-loan entrance counseling online
- Contact the loan counselor for appointment to complete required forms
- If approved, complete promissory note in the Business Office
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