LoansWilliam D. Ford Loan Program Many students borrow to help pay seminary costs. Repayment begins six months after the borrower completes his or her course of study, withdraws from school, or drops below half-time status. First-time borrowers at LCU must complete entrance loan counseling. Stafford Loans Federal Stafford Subsidized Loan. The Federal government will pay the interest on these loans while you are enrolled at least half-time. You must show financial need to receive this loan. Federal Stafford Unsubsidized Loan. You may get an unsubsidized loan regardless of need, but the borrower is responsible for all interest charges from the time the loan is disbursed until it is repaid. Apply now for a Stafford loan. Online Loan Counseling Entrance Loan Counseling - Stafford In order to receive a federal student loan, federal law requires that all first-time loan borrowers at Lincoln Christian University must receive loan counseling. This self-paced tutorial will fulfill the requirement. Once you have successfully completed this program, your student loan can then be disbursed to you according to the disbursement schedule. No loan will be awarded prior to the first day of classes. Contact the Financial Aid Office for answers to any questions about this counseling session (Call 217-732-3168 or or email.) Exit Loan Counseling - Stafford Federal law requires that all loan borrowers complete an exit counseling session when ready to graduate or drop below half-time attendance. Lincoln Christian University offers you a self-paced tutorial to fulfill this requirement. The tutorial will show you how to manage your student loans after you leave LCU. Contact the Financial Aid Office for answers to any questions about this counseling session. You may call 217-732-3168 and ask for the Financial Aid Office (or email). |