Note: typically, the loan/grant will be sent directly to seminary with check made out to both seminary and student.
This application and the promissory note for this loan will be kept on file at the office of the Conference Treasurer and Conference Student Loan Officer. This loan will become effective upon approval by the Dakotas Conference Student Loan Officer.
Policies Statement Acknowledgment: I, the student applying for this loan acknowledge that I have received, read and understand the Student Aid Policies as published in the latest DAC JOURNAL.
NOTE: The promissory note(s) may be satisfied in one of two ways: (1) Cash Payment made annually, beginning six months after the student discontinues study (see DAC Student Aid Policies statement in most recent DAC Conference JOURNAL for specifics) or, (2) All such debts will be forgiven at the rate established by Conference Student Aid Policy