The lenders listed on the Bethel College Recommended Lender List have been selected based on customer service and borrower benefits. Neither Bethel College nor the Financial Aid Office derives any benefit from these lenders. Students may choose any lender that participates in the Federal Family Education Loan Program (FFELP). Please contact the Financial Aid Office if you choose a lender that is not listed on our Recommended Lender list so that we can work with that lender to insure the loan is processed properly.
IMPORTANT NOTICE CONCERNING ALTERNATIVE OR PRIVATE LOANS: Any education loan received based on enrollment at Bethel College MUST be counted as a financial aid resource. This federal rule applies to loans disbursed to Bethel College and loans disbursed directly to the student. Therefore receiving these private loans could impact other aid you receive. Call the Financial Aid office if you have any questions.
Federal Stafford Loans:
Once a student accepts a Federal Stafford loan on their award letter, they must complete loan paperwork in order for Bethel College to process the loan. First time borrowers with Bethel College must complete a Master Promissory Note (MPN), Loan Entrance Counseling, and a Loan Request Form. Repeat borrowers with Bethel College must only complete the Loan Request Form.
To complete the Stafford Master Promissory Note and Loan Entrance Counselng, click HERE. Please be prepared to provide the following information: current address, driver's license state and number, and two reference names and addresses.
Click HERE to print the Stafford Loan Request Form. Send the completed Loan Request Form to the Bethel College Financial Aid Office, 325 Cherry Ave, McKenzie, TN 38201. You may also fax the form to 731-352-3407.
Federal Parent PLUS Loans:
If a parent is interested in a Parent PLUS loan, one parent must obtain a pre-approval from the lender of their choice. Once approved, first time parent borrowers with Bethel College must complete a Master Promissory Note (MPN) and a Loan Request Form. Repeat parent borrowers with Bethel College must obtain pre-approval and only complete the Loan Request Form. Important: All Parent PLUS loan borrowers (first time and repeat borrowers) must obtain pre-approval EACH year.
Note: If a parent is denied the Parent PLUS loan, the student may be eligible for additional Unsubsidized Stafford loan. The student must request this additional loan from the Financial Aid Office and complete the necessary paperwork.
To apply for Parent PLUS loan pre-approval and complete the Parent PLUS loan Master Promissory Note if approved and required, click HERE. Please be prepared to provide the following information: current address, driver's license state and number, student date of birth and social security number; and two reference names and addresses.
Click HERE to print the Parent PLUS Loan Request Form. Send the completed Loan Request Form to the Bethel College Financial Aid Office, 325 Cherry Ave, McKenzie, TN 38201. You may also fax the form to 731-352-3407,
Federal Grad PLUS Loans:
A Graduate student may apply for the Grad Plus loan if there is still need after the student has received the Stafford loan. The total of all loans (Stafford and Grad Plus) cannot exceed the cost of attendance. If a Graduate student is interested in a Grad PLUS Loan, the student must obtain a pre-approval from the lender of their choice. Once approved, the first time borrower with Bethel College must complete a Master Promissory Note (MPN) and a Loan Request Form. Repeat Graduate borrowers must obtain pre-approval and complete only the Loan Request Form.
Important: All Grad PLUS Loan borrowers (first time and repeat borrowers) must obtain pre-approval EACH year.
To apply for Grad PLUS pre-approval and complete the Grad PLUS Loan Master Promissory Note if approved and required, click HERE. Please be prepared to provide the following information: current address, driver's license state and number, and two reference names and addresses.
Click HERE to print the Grad PLUS Loan Request Form. Send the completed Loan Request Form to the Bethel College Financial Aid Office, 325 Cherry Ave, McKenzie, TN 38201. You may also fax the form to 731-352-3407.
Alternative Loans:
Alternative or private loans are non-federal education loans available through private lenders. These loans are credit-based and may require a co-signer depending on the student's age and credit history. Because alternative loans may have higher fees and variable interest rates, we encourage students to only take a private loan if absolutely necessary and only after all other avenues of financial aid (i.e. Federal Stafford Loans, Parent Plus Loans, outside scholarship opportunities, etc.) have been exhausted. Alternative loans cannot be consolidated with Federal loans. These loans can only be approved for the annual Cost of Attendance at Bethel College minus all the student's other financial aid. A student must be approved for the Alternative loan and complete all the necessary paperwork the lender requires before Bethel College will certify the loan. The student must also complete the Alternative Loan Request Form.
To apply for an Alternative Loan, click HERE.
Click HERE to print the Alternative Loan Request Form. Send the completed form to the Bethel College Financial Aid Office, 325 Cherry Ave, McKenzie, TN 38201. You may also fax the form to 731-352-3407.
