| The Office of Loans and Scholarships at the General Board of Higher Education and Ministry (GBHEM) announced an increase in the maximum amount United Methodist students can borrow to pursue their education. Students can now borrow up to $10,000 per calendar year (January through December) with a lifetime maximum of $40,000 from the United Methodist Student Loan Fund.
Previously students were allotted $5,000 per calendar year with a maximum lifetime total of $20,000 during a four-year college career. With one of the lowest education loan interest rates in the U.S., GBHEM is offering students an opportunity to avoid more costly loans and decrease the amount of education debt acquired.
Fall loan applications are open now through November 15, 2018. Scholarship applications for the 2019-2020 academic year open January 3, 2019 - March 7, 2019.
For more information about the low-interest student loans and scholarships available through GBHEM, visit gbhem.org/loansandscholarships.