ADMISSION
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Birmingham-Southern College Catalog 2014-2015
Federal Perkins Loan
. The College offers Federal Perkins Loans to
students who demonstrate exceptional financial need. The Perkins Loan
is a five percent (5%) interest loan on which no interest is charged to the
borrower and payments are not required as long as the student is enrolled
at the College. Repayment begins nine months after the student leaves the
College and may extend over a ten-year period. Perkins funds are limited
and loan amounts vary from year to year.
Federal Direct Student Loan
. This is a low interest loan that enters
repayment six months after the student ceases to be enrolled at least half-
time. Direct Student Loans may be subsidized or unsubsidized. The term
“subsidized” means that the government pays the interest on the loan while
the student is enrolled in school at least half time. The College administers
the Direct Student Loan program according to federal guidelines, annual
and aggregate loan limits. Information about repayment terms and interest
rates is available at
.
Federal Direct Parent Loan
. This is a long-term, low interest loan
available to parents of dependent students regardless of income level. The
annual loan limit equals the cost of attending the College less any financial
assistance the student is receiving. The College administers the Direct
Parent Loan program according to federal guidelines, annual and aggregate
loan limits. Information about repayment terms and conditions and
interest rates is available at
.
Other Government Financial Aid Programs
The College participates in other government financial aid programs,
including the Alabama Student Grant Program, Alabama Student Assistance
Program, and Veterans Educational Benefits. Birmingham-Southern College
is approved by the State Approving Agency to certify students who are
eligible for Veterans Educational Benefits. For further information on this
program or to see if you qualify, please contact the Department of Veterans
Affairs at 1-800-827-1000. The V.A. School Certifying Official (SCO) is
located in the Academic Records Office.
Institutional Scholarship Programs
Academic Scholarships
Academic scholarships are awarded based on a consideration of the
academic record, standardized test scores, extracurricular activities, and
admission essays of students applying for first-year admission by the
January 1 scholarship deadline. Students considered for these scholarships
do not have to come to the campus to compete. All first-year student
applicants accepted for admission are considered. Academic scholarships
are renewable with a minimum cumulative grade point average (cum GPA)
and appropriate academic progress. Amounts vary per scholarship:
