+ Is there a fee for applying?
There are no fees for applying for a BFF ISA.
+ How much money am I allowed to take through this program?
You can take up to $30,000 in total and no more than $12,500 in a single academic year. However, in special circumstances we may waive these limits to allow up to $50,000 in total if you conduct a financial aid review with one of our advisors.
Furthermore, you cannot take more than your cost of attendance at your institution minus any other financial aid awards you have received.
If you have existing student debt, particularly private student loans, this may limit the amount of money you can receive relative to the amounts above. In this case, you should consider refinancing your private student loan(s) into a BFF ISA.
There is a $1,000 minimum amount required for any BFF ISA application.
+ Will students be required to go into or be steered toward certain types of employment?
No, there are no requirements stipulating the nature or type of employment or re-enrollment in school that you can choose after you leave the institution.
+ Can I see a copy of BFF's ISA contract?
Yes, you can see a sample contract here: