Amount: $200 - $4,000/yr
Students who are enrolled full-time and demonstrate financial need are eligible, regardless of citizenship. Application is made by completing the FAFSA or the Canadian Financial Aid Form.
Interest is dependent on the number of years of study completed at Dordt:
1 year - 7%
2 years - 5%
3 years - 4%
4 years - 3%
This loan is repaid over ten years with minimum bimonthly payments of $100. Interest and principal repayment begins four months from the time the student ceases to be at least a half-time students at Dordt or another recognized college or university.