Where to Find Interest-Free College Loans
Some charities and religious and ethnic organizations offer low- or no-interest education loans. Students can still apply for several of these interest-free loans for the upcoming school year.
Evalee C. Schwarz Charitable Trust for Education
Makes loans of up to $15,000 a year for students who will be attending an in-state school with expected family contributions of less than $4,000, high test scores and grades, and no plans to become lawyers. Deadline: April 15.
http://www.evaleeschwarztrust.org/index.html
The Scholarship Foundation of St. Louis
Makes about 630 loans annually of up to $5,000 a year for meritorious students who come from parts of Missouri and Illinois and whose families have EFCs of under $12,000. Deadline: April 15.
http://www.sfstl.org/
Hattie Strong Foundation
Makes about 125 new loans annually of up to $5,000 for meritorious and needy fourth-year college students. Deadline: April 30.
http://www.hmstrongfoundation.org/
Bill Raskob Foundation
Makes about 100 loans annually (although the number varies considerably) averaging $5,000 a year to U.S. citizens attending accredited American colleges who have finished their freshman year. Deadline: May 1.
http://www.billraskob.org/
Central Scholarship Bureau
Makes loans of up to $10,000 each year for no more than four years to meritorious students from Maryland whose families have adjusted gross incomes of less than $91,000. Deadline: May 31.
http://www.centralsb.org/
Abe and Annie Seibel Foundation
Makes 800 loans of up to $6,000 annually to Texas residents attending a Texas college who have good grades and test scores. Deadline: February 28.
No website; (409) 770-5665.
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