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FINANCIAL AID
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Birmingham-Southern College Catalog 2015-2016
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 online.
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 Birmingham-Southern 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 online.
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 Office of Academic Records.
Institutional Scholarship Programs
Academic Scholarships
Academic merit scholarships are awarded through consideration of
students’ academic records, standardized test scores, extracurricular
activities, and admission essays. There is no separate scholarship
application; students need only apply for admission by the designated
application deadlines to be considered for these scholarships. Merit
scholarships are renewable annually assuming achievement of a minimum