Opportunity Details

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Program

Interest-free loan
Organization

The Scholarship Foundation of St. Louis
Opportunity Type

Scholarship
About the Program

Providing interest-free loans for postsecondary education to students on the basis of financial need has been the core function of The Scholarship Foundation of St. Louis since its creation more than 90 years ago.

Each academic year, the Foundation provides more than 600 students from the St. Louis metropolitan region with interest-free, fee-free loans for higher education. Qualifying recipients receive renewable loans of up to $9,000, depending on their specific financial needs.

Interest-free loans are available to students attending accredited, non-profit postsecondary institutions. All fields of study, with the exception of the ministry, are eligible. Some funds within the Interest-Free Loan Program are earmarked for specific fields of study such as the Deedee Becker Loan Fund for nursing students. Others, called Designated Scholar Loans, are named for specific donors or honorees and include the possibility of personal contact between donors and recipients. In 2011, the James C. Bates & Alison Bates Charitable Lead Annuity Trust began providing substantial support to students through the Interest-Free Loan Program. In 2012, 600 students received more than $3.1 million in interest-free loans for postsecondary education from The Scholarship Foundation.
Application Deadline

November 15, 2023
Application Website

www.sfstl.org

Program Benefits

Scholarship Amount
 Up to $9,000
Renewable?

Yes

Requirements

Description

Applicants are selected on the basis of academic potential, personal character and significant financial need. Recipients may enroll in technical, bachelor's, or associate degree programs at accredited, nonprofit postsecondary institutions anywhere in the United States.

Other citizenship status may be considered on a case-by-case basis.

You may pursue any field of study except the ministry.
Open to residents of:
  • MO
Open to students attending school in:
 National - All 50 States
Additional Geographic Requirements

Applicants must have lived in the St. Louis metropolitan region for at least two years prior to the date of their application. The metropolitan region consists of the City of St. Louis and St. Louis County; Franklin, Jefferson, Lincoln, St. Charles, Warren and Washington counties in Missouri; and the Illinois counties of Bond, Calhoun, Clinton, Jersey, Macoupin, Madison, Monroe, and St. Clair.
First Generation College Students
 Preferred
Degree Programs
  • Associate Degree (A.A./A.S.)
  • Bachelor’s degree (B.A./B.S.)
Minimum GPA
 2.0
Minimum Age

17
Year in School
  • 12th Grade
  • First Year Community College Student
  • Second Year Community College Student
  • Community College to Undergraduate Transfer Student
  • College Freshman
  • College Sophomore
  • College Junior
Enrollment Status
  • Full time
Citizenship
  • U.S. Citizens
  • Legal Permanent Residents
Other Details
  • Merit-based
  • Needs-based
  • Open to non-traditional students
Keywords
 interest free loans, loans, college, money
Contact

info@sfstl.org
Organization Website

www.sfstl.org
Organization Address

8215 Clayton Road
St. Louis, MO 63117
Organization Phone
 314-725-7990
Last Modified Date
 March 25, 2015