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Loans


Many adult students at Belmont need additional financing to supplement savings, grants and other income sources. Most Belmont financial aid packages include an offer of financial aid in the form of federal loans. While federal loans must be repaid with interest, they typically offer low interest rates and more flexible repayment plans. Below is a description of the types of federal loans, and you can also learn more here.

Subsidized Federal Stafford Loan - Awarded on the basis of financial need. The federal government pays the interest on the loan until you begin repayment. The student must submit a Master Promissory Note (MPN) and complete online entrance counseling for his or her first Stafford Loan at Belmont University. Undergraduate students must be enrolled at least six hours.

Unsubsidized Federal Stafford Loan - Awarded without regard to financial need. Interest will accrue from the time the loan is disbursed until it is paid in full unless the student chooses to make the interest payments while in school. Ths student must submit a Master Promissory Note (MPN) and complete online entrance counseling for his or her first Stafford Loan at Belmont University. Undergraduate students must be enrolled at least six hours.

Federal Perkins Loan - Awarded to undergraduate and graduate students with exceptional financial need. Funds are limited. Undergraduate students must be enrolled at least six hours. Graduate students must be enrolled at least three hours.



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