Loans and Financing
types of financial aid
Per a new federal regulation, all NEW Federal Perkins Loan borrowers must have their loan disbursed by October 1, 2015. In order for your Federal Perkins Loan to disburse, you must complete both your entrance counseling and promissory note. If you do not satisfy the necessary requirements before September 30, 2015, your loan will be cancelled. Per federal regulations, this loan cannot be re-awarded once cancelled. For more details on completing your entrance counseling and promissory note, please visit www.bc.edu/perkins.
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An education loan is a form of financial aid that must be repaid, with interest. Education loans come in three major categories:
- Federal student loans (e.g., Direct and Perkins loans)
- Federal Parent loans (e.g., PLUS loans)
- Private student and parent loans (also called alternative loans)
Since July 1, 2010, all new federal education loans have been made through the Direct Loan program. To qualify for a federal student loan, please start by applying for financial aid through the Office of Student Services.
Please email the Office of Student Services with any questions.