We highly recommend that you apply for financial aid using the Free Application for Federal Student Aid (FAFSA) before you apply for an alternative loan. Loans from the Federal Direct Loan Program are awarded based on FAFSA information. Federal Direct Loans may offer more benefits than alternative loans, including lower interest rates and more repayment options.
Due to Federal Lending Laws, student loan lenders are required to provide multiple disclosures to the borrower and to collect a Self-Certification Form from the borrower. The lender also requests eligibility certification from Arkansas Baptist College. This process usually takes approximately 2-3 weeks to complete, so plan ahead.
Your loan application will ask you to report your loan term. The loan term can be a single semester or the academic year. Please use these general loan term dates when completing an application. However, your loan will be processed using specific enrollment dates for your program. If the lender has released the funds to Arkansas Baptist College, loans can be disbursed up to ten (10) days prior to the start of classes.
These are the current loan terms available for 2018 – 2019:
|Term||Start Date||End Date|
|Summer I 2019||06/03/2019||07/02/2019|
|Summer II 2019||07/01/2019||08/05/2019|