|
PURPOSE: To assist individuals who
experience unexpected financial difficulty in pursuing
educational opportunities: I. Qualifications
- Applicant must be a Waterloo resident
with preference to Antioch Baptist Church members.
- Applicant must have the ability to
repay the loan by the due date indicated on the
application.
- An applicant on "Restricted
Enrollment" due to non-payment of a college bill is
not eligible for a loan.
II. Loan Guidelines
- Only one (1) loan is allowed per
semester.
- The maximum loan amount is $250.00.
- The loan is to be used for the
purposed stated on the application only.
- Loans are not for payment of existing
college bills.
- Loans will be processed only after
being reviewed by Christian Education Small Loan
Committee.
III. Repayment Responsibilities
- The Antioch Baptist Church will bill
applicants.
- Applicants will be expected to pay the
loan in full by the date indicated on the application.
- This is an interest-free loan,
however, there is a $10.00 administrative service fee
charged for an approved application.
IV. Application Procedure
- Complete and submit loan application
to the Antioch Baptist Church office located at 426
Sumner Street, Waterloo, Iowa.
- The applicant will be notified in
writing of the loan status.
|
