|Green Hall 2500|
The Loan Forgiveness program is a debt repayment opportunity of $30,000 per individual. Liberty undergraduate and/or graduate alumni who are US citizens serving outside of the United States will be considered for this new program if they meet all criteria for eligibility.
Q1. When will decisions for qualified applicants be posted?
A1. Decisions for the Spring will be posted by June 1, and Fall decisions by December 1.
Q2. Do couples apply as individuals or as couples?
A2. Couples must apply as individuals.
Q3. Will there be priority given to certain alumni?
A3. Yes, priority will be given to alumni who are involved in Bible translation, working inside the 10/40 Window, or those engaging UPG's or diaspora groups.
Q4. When is the disbursement goal for qualified applicants?
A4. The goal is in the subsequent semester of your application.
Q5. How is the repayment distributed?
A5. The disbursement for qualified candidates will be 20% a year for five years, not exceeding a total amount of $30,000 per individual. The disbursement begins when the alumnus is on the field. If the alumnus is already on the field, the first disbursement will be made by the beginning of the next year.
Q6. If I am not on the field yet, but intend on going to the field, when should I apply?
A6. Alumni or graduating seniors are encouraged to apply as soon as possible.
Q7. Can the Loan Forgiveness be awarded to Permanent Resident Aliens?
A7. “Federally eligible non-citizens” may receive the Loan Forgiveness. This limited population is eligible for federal aid and must identify themselves specifically on the FAFSA. They are defined as: “1. U.S. national (includes natives of American Samoa or Swains Island) or U.S. permanent resident with a Form I-551, I-151, or I-551C (Permanent Resident Card, Resident Alien Card, or Alien Registration Receipt Card), also known as a green card. 2. You have an Arrival-Departure Record (I-94) from U.S. Citizen and Immigration Services (USCIS) showing “Refugee,” “Asylum Granted,” “Cuban-Haitian Entrant (Status Pending),” “Conditional Entrant” (valid only if issued before April 1, 1980), or “Parolee” (you must be paroled for at least one year, and you must be able to provide evidence from the USCIS that you are not in the United States for a temporary purpose and that you intend to become a U.S. citizen or permanent resident). 3. You hold a T-visa (for victims of human trafficking) or your parent holds a T-1 visa. 4. You are a “battered immigrant-qualified alien” who is a victim of abuse by your citizen or permanent resident spouse, or you are the child of a person designated as such under the Violence Against Women Act. 5. You are a citizen of the Federated States of Micronesia, the Republic of the Marshall Islands, or the Republic of Palau.”