Admitted students experienced Birmingham-Southern at the Select 'Southern event held on March 1-2, 2015.
BSC participates in the William D. Ford Federal Direct Loan Program, which provides federally insured, low-interest loans to students and parents to cover the costs of college. In this program, the federal government is the lender; BSC determines eligibility and disburses the money.
BSC offers four types of federal loans; most require a FAFSA. For more details on all federal loans, go to www.studentloans.gov.
1. Federal Direct Subsidized Loans are need-based and offered to the student.
2. Federal Stafford Unsubsidized Loans are non-need-based and offered to the student.
3. Federal Parent PLUS Loans are non-need-based and offered to parents.
4. Federal Perkins Loans are for students with exceptional financial need.
In addition, many students and parents choose a private educational loan provider, which will notify BSC when your loan has been approved and request certification; we can then add the loan value into your full financial aid package and apply the loan funds directly to your student account. Your lender will provide details about interest rates, repayment conditions, and more. Please don't hesitate to contact us is you have questions about private loans.
The loan process
Note: Loan amounts are not credited to a student's account until the Master Promissory Note and entrance counseling is complete and on file.