Most students take out loans to help fund a portion of their seminary expenses. Loans must be repaid, so be sure to plan your finances carefully and borrow only what you can afford.
Take a look through the common types of student loans.
Direct Unsubsidized Loans
Also known as Direct Stafford Loans, Unsubsidized Loans are offered by the U.S. Department of Education rather than a bank. You must complete a Free Application for Federal Student Aid (FAFSA) to be eligible for this fixed interest rate loan. Students are responsible for the interest on Unsubsidized Loans.
Direct PLUS Loan
The PLUS Loan is a federal loan for students who need to borrow more than the maximum Unsubsidized Loan amounts. Direct PLUS Loans are disbursed through the U.S. Department of Education with a fixed interest rate.
Private Student Loans
A number of lenders also offer private loans to students. Typically, repayment begins after a short grace period, and you’re responsible for the interest while you’re in school.
The Bethel University Office of Financial Aid adheres to the National Association of Student Financial Aid Administrators' Statement of Ethical Principles and Code of Conduct and Bethel's Code of Conduct Governing Educational Loan Activities.