Presentation on theme: "Bristol Student Aid Fund Supporting Residents of Bristol School District since 1976."— Presentation transcript:
Bristol Student Aid Fund Supporting Residents of Bristol School District since 1976
WHAT IS THE BRISTOL STUDENT AID FUND? The Bristol Student Aid Fund (BSAF) came into existence in 1976. The BSAF is a non-profit corporation created to solicit and raise funds in order to provide loans to undergraduate students.
WHAT IS THE PURPOSE OF THE BRISTOL STUDENT AID FUND? To grant loans to needy and deserving students. To stimulate the academic ambitions of students. To increase interest in higher education.
WHO MAY BORROW FROM THE FUND? Any resident of the Bristol School District regardless of age, race, sex, religion, or nationality is eligible to apply for loans to complete an accredited undergraduate or post-secondary program.
HOW MUCH MAY BE BORROWED? Up to $2,500 may be borrowed during each year of enrollment in an undergraduate program of study. The amount awarded will depend upon the number of applications and the funds that are available.
HOW IS THE AWARDING OF LOANS DETERMINED? Loans are awarded based upon income, scholastic standing, and character of the student as indicated by personal references.
WHERE DOES THE FUND GET ITS MONEY? The money to grant loans is obtained solely through donations and the repayment of loans.
HOW DOES ONE APPLY FOR A LOAN? Click here for an application or obtain one at the Bristol High School office or from Mrs. Mary S. Brown, BSAF secretary, at (555) 684- 6218. Click here for an application Completed applications should be submitted to the Board of Directors at least 90 days prior to the anticipated need for the use of the funds.
HOW IS THE LOAN TO BE REPAID? Loans must be repaid in full within five (5) years from graduation or withdrawal from the program of study.
12/7/2007 HOW IS INTEREST CHARGED ON THE LOAN? Loans are interest free during the undergraduate or post-secondary program. Once payment begins, interest on the unpaid balance at the prevailing rate will be charged until the loan is repaid in full. Home