Catalog of Abilene Christian College, 1972-1973 Page: 11
40 p. : ill. ; 23 cm.View a full description of this book.
Extracted Text
The following text was automatically extracted from the image on this page using optical character recognition software:
Financial
Aid
The financial aid program of the ACC System is a multi-faceted program
to assist you in meeting today's college expenses. Your resourcefulness or that
of your family should be the primary source for initial educational costs, but if
you need financial aid, the College will help you to arrange your plans to finance
your education.
Briefly, you will first work with the Financial Aid Office in pinpointing the
exact amount needed. You will be helped in meeting this need - which may
take the form of either a loan, a scholarship, student employment, or a combination
of the three.The Loan Programs
The Abilene Christian College System
offers a variety of loan programs,
and these comprise the most significant
area of financial aid.
National Defense
Student Loans
Abilene Christian College approves
and makes these loans and is responsible
for the collection of them. They
are designed for students in need.
Availability:
Preference given to full-time students;
a half-time student is minimum
for consideration.
Amounts:
Undergraduate: $1,000 a year; $5,000
maximum.
Repayment and Interest:
Both begin nine months after you
end your studies. Interest rate is 3%
a year on the unpaid balance, and repayment
of principal may extend over
a 10-year period.
No repayment of principal or interest
is required while continuing your
course of study at an eligible institution or while serving in the Armed
Services, the Peace Corps, or the Volunteers
in Service to America (VISTA)
program. (The last three items are
limited to three-year deferments.)
Loan Cancellation:
If you become a full-time teacherelementary,
secondary, or college-up
to half of the loan may be forgiven at
the rate of 10% for each year of
teaching service.
If you teach in areas of primarily
low income families, you may qualify
for cancellation of the entire loan.
Federally Insured
Student Loans
Any U.S. citizen, national, or person
in the U.S. for other than a temporary
purpose, who is enrolled or accepted
for enrollment on at least a
half-time basis at an eligible school,
may apply.
Banks, savings and loan associations,
credit unions, pension funds,
insurance companies, and eligible
schools may lend under the program.
Loans are made at the discretion of
the lender.11
Upcoming Pages
Here’s what’s next.
Search Inside
This book can be searched. Note: Results may vary based on the legibility of text within the document.
Tools / Downloads
Get a copy of this page or view the extracted text.
Citing and Sharing
Basic information for referencing this web page. We also provide extended guidance on usage rights, references, copying or embedding.
Reference the current page of this Book.
Abilene Christian College. Catalog of Abilene Christian College, 1972-1973, book, 1972~; Abilene, Texas. (https://texashistory.unt.edu/ark:/67531/metapth46044/m1/13/: accessed March 28, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Abilene Christian University Library.