Scholarship Foundation Interest-Free Student Loan
The Scholarship Foundation of St. Louis provides student loans that are renewable, interest-free, and available in amounts up to $11,000 per academic year. Students who receive an interest-free loan will have a 12-month grace period following graduation and a five year repayment schedule. The cumulative maximum that The Scholarship Foundation will loan to an individual is $55,000. This application is funding consideration for the 2020-2021 academic year.
Please read the following eligibility criteria carefully before applying!* In order to qualify for an interest-free loan from The Scholarship Foundation of St. Louis, an applicant must:
- Be a resident of the St. Louis metropolitan area for at least two years prior to the date of the application or have graduated from a St. Louis metropolitan area high school in the past two years. The metropolitan area includes St. Louis city, the Missouri counties of St. Louis, Franklin, Jefferson, Lincoln, St. Charles, or Warren, and the Illinois counties of Bond, Calhoun, Clinton, Jersey, Macoupin, Madison, Monroe, or St. Clair.
- Demonstrate significant financial need, as determined by the Free Application for Federal Student Aid (FAFSA) or similar need calculations. Students with an Expected Family Contribution (EFC) over $15,000 must have significant and extenuating circumstances to be considered.
- Have achieved a minimum cumulative 2.0 grade point average on a 4.0 scale
- Plan to attend an accredited, nonprofit college or university
- Be seeking a first certificate, associate, or bachelor’s degree
- Applicants with history of educational loan default or bankruptcy are asked to submit a statement of explanation
All fields of study, except the ministry and divinity degrees, are eligible for funding. Students who have already obtained a bachelor’s degree are not eligible to apply.
To be considered, completed applications and all required supporting documents must be submitted by May 15. Awards will be announced in June and July.
The Scholarship Foundation of St. Louis
6825 Clayton Ave, Suite 100, St. Louis, MO 63139
(314) 725-7990
info@sfstl.org
- Award
- up to $11,000 renewable
- Deadline
- 05/15/2020
- Supplemental Questions
- How long have you lived in The Scholarship Foundation's interest-free loan service area?
- Do you need any assistance securing special accommodations on campus? (i.e sign language interpreter)
- Is English your first language?
- Other name(s) by which you have been known:
- Applicant's Current Employer
- Applicant's Current Job Title or Occupation
- Hours Worked per Week
- List all other positions held within the last year.
- 1. Employer
- 2. Position/Title
- 3. Dates Employed
- 4. Reason for leaving
- Spouse/Partner Full Name
- Spouse/Partner Full Address (if different from applicant)
- Spouse/Partner Phone Number
- What is the current marital status of your parents?
- If applicant's parents are divorced, upload a copy of the portion of the divorce decree relating to child support and payment for college.
- Parent (or legal guardian) 1 Full Name
- Parent (or legal guardian) 1 Full Address
- Parent (or legal guardian) 1 Home Phone Number
- Parent (or legal guardian) 1 Cell Phone Number
- Parent (or legal guardian) 1 Current Employer
- Parent (or legal guardian) 1 Occupation or Title
- Parent (or legal guardian) 2 Full Name
- Parent (or legal guardian) 2 Full Address
- Parent (or legal guardian) 2 Home Phone Number
- Parent (or legal guardian) 2 Cell Phone Number
- Parent (or legal guardian) 2 Current Employer
- Parent (or legal guardian) 2 Occupation or Title
- Do your parent(s) or legal guardian(s) have a bachelor's degree?
- Have you (applicant) ever declared bankruptcy?
- Have you (applicant) ever defaulted on a loan made to you for educational purposes?
- If you answered YES to either of the two previous questions, please write a statement explaining the circumstances that led you to file for bankruptcy or default. Please indicate the type of bankruptcy (i.e. Chapter 13) and describe how long ago it occurred.
- Are you, or will you be, pursuing your first certificate, associate, or bachelor's degree?
- List honors or awards that you have received, including the name, date, and type of recognition.
- List any volunteer activities in which you have participated, including the name, date, and brief description of work
- Who has supported your ambition to work toward completion of your college/postsecondary education program? Please describe how this individual supported you.
- Do you or your family have special circumstances that should be considered as part of your application? Please describe.
- COLLEGE TRANSCRIPT: If you are a current college student, upload your college transcript here. Transcript should reflect grades from your most recently completed semester.
- HIGH SCHOOL TRANSCRIPT: Upload your complete high school transcript. If you are a high school senior, upload your high school transcript INCLUDING GRADES THROUGH THE FALL 2019 SEMESTER.
- List any other postsecondary institutions attended in the last three years. Official transcripts are required for any other postsecondary school attended.
- 1. School
- 2. Major
- 3. Dates Attended
- 4. Degree Attained
- 5. Upload Transcript
- Upload all pages of your 2020-2021 Student Aid Report (SAR)
- Upload your 2020-2021 Financial Aid Award Letter
- ESSAY: Explain your interest in college and where you think it may take you. What have you done to prepare yourself to pursue higher education?
- We want to learn more about you: You may choose to submit something that you’ve created, or you may choose to write an additional essay. If you have a website, an art project, a personal video or other on-line file that you would like to share with us, please place the link in the next question and please explain what it is in the space provided here. If you choose to write an additional essay, please describe a challenge you have faced and how you dealt with it. Explain how having dealt with that challenge has shaped you, and if it has influenced your education and career path.
- On-line content (enter a link to the on-line content described above):
- SCHOLARSHIP CENTRAL RECOMMENDATION: If you filled out the recommendation question on your General Application, please select it from the drop down below. If you did NOT complete the recommendation on your General Application, enter the name and e-mail address of an instructor, counselor, advisor, supervisor or other similarly qualified individual who will submit a recommendation on your behalf. NOTE: As the applicant, it is your responsibility to inform that person to watch for an email sent on your behalf that will explain how to complete this process.
- APPLICANT SIGNATURE: By entering my full name below, I authorize The Scholarship Foundation of St. Louis and its agents to examine, verify and discuss my academic and/or financial records and other information which applies to the consideration of this application. I certify that all answers are accurate and truthful to the best of my knowledge, and that all information in the application and essays are my own work. I understand that the decisions made regarding my participation in this program are made by The Scholarship Foundation in reliance upon the truth and correctness of my statements.
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