United Methodist Loans
United Methodist Student Loan Fund
Up to $5,000 per calendar year is available for individuals who have been active, full members of the United Methodist Church for at least one year in the form of a private student loan. The loan funds are awarded on a first-come, first-served basis and by application. A co-signer is required for all loan applications. Co-signers are held responsible for repaying the student loan should the student fail to repay. The co-signer may not include spouses, intended spouses or the individual's pastor. The current interest rate for students attending United Methodist schools is 4%. Terms and conditions.
The application for the loan is located online and applied for directly through the United Methodist General Board of Higher Education and Ministry. Co-signers will be contacted and asked to complete a portion of the application. Students are asked to verify their enrollment at the institution they are attending once the loan has been approved.