By Josh Owens, Director of Media and Marketing
Nashville, TN—The United States Department of Education (USDOE) has approved Welch College to offer federal student loans to its graduate students through the Direct Loan Program, according to Dr. Kevin Hester, dean of the School of Theology. The USDOE makes the loans available to eligible borrowers through colleges and universities participating in the program.
There are several benefits to these loans. These unsubsidized loans offer a fixed interest rate and flexible payment terms. Financial need is not a requirement to qualify. No payments are required while enrolled in school. In order to receive these loans, a student must be enrolled at least half-time in a program that leads to a degree or certificate awarded by the school.
“Welch College understands that graduate school can be expensive,” said Hester. “For this reason, the college offers generous institutional scholarships to its graduate students. Students who are licensed or ordained Free Will Baptist ministers and who received good grades in their undergraduate studies, can receive a reduction of up to $145.00 per credit hour on their tuition. The addition of these DOE loans helps make the opportunity of a quality graduate degree more easily accessible.”
Last year Welch College became the first Free Will Baptist college to offer a regionally accredited credential on the graduate level. In December, 2015, the Southern Association of Colleges and Schools Commission on Colleges and the Association for Biblical Higher Education approved its application to offer the Master of Arts (M.A.) degree in Theology and Ministry. This thirty-three hour program consists of hybrid courses, in which a portion of the coursework is done online and the other portion in one-week, on-campus intensive sessions.
For information about the DOE student loans and any other financial information, contact Angie Edgmon at firstname.lastname@example.org.