United Methodist Loan
United Methodist Loan
  • You, the student, are the borrower. 
  • You will need a credit-worthy cosigner. 
  • A credit evaluation is not required.
  • You must be, among other criteria:
    • An active full member or a United Methodist Church for at least one year prior to application.
    • Maintaining at least a C average. 
  • You are responsible for the interest during the life of the loan. Interest starts accruing as soon as the loan is disbursed. 
  • Repayment on the principle begins six months after you are no longer enrolled. 
  • This is NOT a Federal loan and cannot be combined with Federal loan consolidations. 
  • We recommend that you try to pay interest on the United Methodist loan while attending school. Even if the lender doesn't require interest payments while you are in school, consider paying the interest because it will decrease the overall cost of the loan. 
  • There is no penalty for repaying a portion or all of your loan at any time.

Applying for the United Methodist Loan
  • Step 1 - Complete the FAFSA (Free Application for Federal Aid).
  • Step 2 - Students can complete the United Methodist loan application at this website.
  • Step 3 - Complete all required information from GBHEM. 
Loan limits and interest rates
  • The maximum amount a full-time student can borrow is $5,000 per calendar year.
  • The interest rate ranges from 3.75% to 5% depending on the option you choose.
  • For more information about loan terms and interest rates, please click here.
Dakota Wesleyan University was named to the 2013 President's Higher Education Community Service Honor Roll. This designation is the highest honor a college or university can receive for its commitment to volunteering, service-learning and civic engagement.
Dakota Wesleyan University is proudly affiliated with the Dakotas Conference of the United Methodist Church. Members of any and all faiths are welcome and encouraged to experience an education based on learning, leadership, faith and service.
Dakota Wesleyan University has been honored as a College of Distinction through demonstration of excellence in these areas: engaged students, great teaching, vibrant communities and successful outcomes.
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