The Board of Directors of the Association generally restrict loans to residents of Mississippi, inasmuch as it is the state of the founders’ birth.
Students of good character from freshman to graduate students in special fields may apply for loans. Students must show evidence of need, and promise of social and financial responsibility.
The student must schedule an appointment for an interview at the Feild Co-Operative Association, Inc. office in order to receive an application. Upon receipt of the completed application, a credit report on all borrowers will be acquired and must show a history of acceptable credit.
Students must be enrolled on a full-time basis in order to qualify for this loan.
Application and Consideration
The Association must obtain college records and secure information from all references whose names are given in the application. Applications will be made for only one year at a time. When an application has been processed, the student will be notified immediately.
Acceptance of such a financial assistance imposes upon the student the obligation to maintain a high standard of work, to use these funds economically, and to keep a close relationship with the Association, conforming with its principles and regulations.
Students must maintain a GPA of 2.0 or higher. Feild Co-Operative, Inc. will run a credit check for all applicants.