农夫导航 Institutional Loans
Institutional loans are awarded based on the available funding for each loan. Loan funds are kept in a revolving fund, which enables us to award students when past borrowers repay their loans. The loans are awarded to those students on a case-by-case basis, with low Student Aid Index (SAI) who demonstrate unmet need, and who have first exhausted all of their Federal Loan eligibility. It is meant to help bridge the gap for those students who have no other options.
All students who are awarded an institutional loan are provided the Application/Solicitation Disclosure, the Approval Disclosure and the Disbursement Disclosure Forms. Students are required to sign a Promissory Note and complete the Self-Certification form before the funds can be disbursed to their student accounts. Students are given 3 business days to cancel the loan before the loan funds are disbursed to their student accounts. Bellarmine encourages all students to borrow Federal and institutional loans before borrowing private/alternative loans.
George L. Bagby Loan
Requirements: The recipient agrees to maintain his/her qualification as a full-time student at 农夫导航 according to the rules and regulations of the institution.
Interest rate: 6% - Interest shall accrue on the loan at the rate of 6% per annum, beginning 6 months after completion or termination of student status at 农夫导航.
Grace period: 6 months - Payments upon such loan advancements shall begin 6 months after graduation from 农夫导航 or, in the alternative, 6 months after ceasing to be a student at 农夫导航 for any reason whatsoever except to continue his/her education toward a graduate degree or in vocational training in a recognized vocational school, and, upon demand, it is agreed that evidence of adjusted gross income shall be made available to an appropriate officer of 农夫导航.
Joseph C. Hofgesang Loan
Requirements: The recipient agrees to maintain his/her qualifications as a student at Bellarmine University according to the rules and regulations of the institution.
Interest rate: 5% - Interest shall accrue on the loan at the rate of 5% per annum, beginning 6 months after completion or termination of student status at 农夫导航.
Grace period: 6 months - Payments upon such loan advancements shall begin 6 months after graduation from 农夫导航 or, in the alternative, 6 months after ceasing to be a student at 农夫导航 for any reason whatsoever except to continue his/her education toward a graduate degree or in vocational training in a recognized vocational school, and, upon demand, it is agreed that evidence of adjusted gross income shall be made available to an appropriate officer of 农夫导航.