Opportunity Details
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Program |
Interest-free loan |
Organization |
|
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 |
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: |
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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 |
|
Minimum GPA |
2.0 |
Minimum Age |
17 |
Year in School |
|
Enrollment Status |
|
Citizenship |
|
Other Details |
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Keywords |
interest free loans, loans, college, money |
Contact |
|
Organization Website |
|
Organization Address |
8215 Clayton Road |
Organization Phone |
314-725-7990 |
Last Modified Date |
March 25, 2015 |