Guidelines For Awarding Loans

GPA - average and above
Income - variable depending on circumstances
Work experience
Scholarships/Grants
Applicants goals or use for loan
Maximum loan is $2,500 a year

Interest Rates

No interest is charged for the first six months after the student leaves school.

The rate of interest is 5% for the first year, progressing to 6% eighteen months after leaving school.

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Massillon Educational Loan Foundation