Loans provide students and their families with an opportunity to defer part of the cost of education by borrowing now and repaying later at a reduced rate of interest. However, before deciding whether to accept or pursue a loan, carefully read all relevant information.
We encourage students to consider both part-time employment and cutting down on expenses as ways of keeping aggregate loan debt to a minimum. Students are encouraged to keep track of aggregate loan funds borrowed. Federal loans students and parents borrow through BVU will be submitted to the National Student Loan Data System (NSDLS), and will be accessible by guaranty agencies, lenders, and schools determined to be authorized users of the data system. Students and parents can access the NSLDS web site to keep track of their aggregate borrowing by signing in using their FSA ID. Student's enrollment history will also be reported to the NSLDS.
The information you will find here concerning loan options is accurate to the best of our knowledge. Federal policy is somewhat volatile at this time and, therefore, the information contained here could change.
Please explore the loan programs available to BVU students.