Evidence of financial need is required. April 1 for fall term and November 1 for winter term. Successful applicants assume a moral obligation to repay the loan within ten years. No interest is charged while the student is enrolled full time. The loan must be cosigned by a parent and is repayable within five years of receipt.
Interest is charged once the student graduates or drops below half time.
Students must be endorsed by Ruritan members. Selection is based on academic achievement and financial need. Application forms are sent between January 1st and March 31st. Repayment is based on monthly income after graduation. Indianapolis, IN 46268 Loans are available for full-time students who are members.