Loan Overview

A loan is aid that is awarded and must be repaid.

**Free Application for Federal Student Aid (FAFSA)

Baptist Bible College bases its selection of preferred loan lenders solely on the best interests of its students and their parents. Though BBC makes every effort to ensure that lenders on our list provide the least expensive loans and best service possible, students and parents have the right and ability to select the lender of their choice, regardless of our suggested lender list.

Federal Stafford Loan

The amount of Stafford loan money that a student may receive in a year depends on what year of school they are in.

The above figures include both subsidized and unsubsidized Stafford loans. For instance, if you are eligible (based on the FAFSA's EFC calculation) for a $2,000 subsidized Stafford loan during your sophomore year, you may also take a $2,500 unsubsidized Stafford loan during the same year for a total of $4,500.

To request a Stafford Loan:

Click here to download Stafford Loan Instructions
Click here to download Stafford Loan Request Form (2007-2008)

Parent's Plus Loans

Parents may apply for the PLUS loan during the years that their student is eligible for federal aid. The application must be filed by the parents to the lender of their choice, who will then examine the parents' credit history. The amount of the PLUS loan is figured by a simple calculation. Subtract accepted student aid from the cost of attendance. That difference is the maximum amount of the PLUS loan for that year, unless the lender sets a lower limit based on their findings of the parents' credit history. Parents may specify an amount lower than that difference on the Master Promissory Note, if they do not want the full amount they are eligible for.

Please note that PLUS loans are subject to a 3% origination fee which is stated in the Borrower’s Rights and Responsibilities Statement of the MPN (Master Promissory Note). Therefore, the amount of PLUS loan that is actually disbursed onto a student’s account will be 3% less than what was originally requested. Please take this into consideration when determining the amount you would like to request.

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Alternative Loans

Alternative loans are private loans (not part of the federal government programs) that are obtained through a lending institution. You may apply for an alternative loan by clicking on one of the following lenders.

Campus Door = Undergraduate Loan

Chase Select

Citibank = CitiAssist Loan

Key Bank = Key Alternative Loan
PNC Bank = The Resource Loan
SallieMae = Signature Loan
Wachovia = Wachovia Educational Loan

To compare the loans, click here.