Applications for federal funds (Perkins Loans, Supplemental Education Opportunity Grants, Pell Grants and work-study employment) should be completed before the beginning of the fall semester. Late applications will be accepted with no guarantee that funds will be available at registration and fee payment time. Applications should be completed and turned into the Office of Financial Aid.
Half of the financial aid award is applied to each semester. Prior year accounts must be paid in order to receive your financial aid award for the current year. The Perkins Loan will be credited to your account after you sign the promissory note. The Stafford Loans are paid by check or electronic fund transfer and applied to your account.
Parent Loans for Undergraduate Students (PLUS) are also available. These loans are made to parents rather than students and repayment begins 60 days after the loan has been made. If you plan to take advantage of either a Stafford or a PLUS loan, you must complete an application form and return it to the Bethel College financial aid office.