New Orleans Baptist Theological Seminary

Student Loans

NOBTS does not offer a loan program through our institution, but we do work with independent financial institutions that offer Private (also often called Smart Option, Signature, or Educational) Loans.  Important: NOBTS does not accept any Federal loans including Stafford loans and Pell grants, though your current Federal loans can continue to be deferred while you attend NOBTS.

Private/Signature Student Loans

At the current time, our students are eligible to apply for the Sallie Mae Smart Option Loan.

 

Alternative Student Loans

Some denominations, corporations, and community organizations provide student loans. NOBTS does not endorse or partner with any of the loan providers listed here, however, students may contact these providers directly to find out more information. Contact the Financial Aid Office at 504-282-4455 ext 3348 or financialaid@nobts.edu if you encounter questions or concerns while pursuing one of these alternative loan options.

 

Loan Process from Another Organization or Bank

• You can apply for a Private (Educational) Loan through your chosen bank or lender.
• The lender checks your credit and either approves or denies your loan application.
• If your application is approved, the lender sends the Financial Aid Director a request to certify the loan.
• After applying for a loan, contact the Financial Aid Office to declare how your requested loan amount will be utilized.  The Financial Aid Director will then consult with you regarding this request, after which time your loan will be certified.
• Once the Director certifies the loan, the lender will mail the loan check directly to NOBTS or direct deposit the funds directly to the Seminary.
• We will contact the student to endorse the check if needed and it will then be deposited into the student’s NOBTS account.
• If the loan creates a credit on the NOBTS account, the student can contact the Financial Aid Office to request a check for some or all of the credit.