Students are selected on the basis on academic excellence, need and their field of study. Students must maintain a minimum GPA of 2.50 to maintain their eligibility. The loans are available to students who have exhausted all avenues of aid and still find themselves short. A minimum GPA of 3.00 must be maintained while the student is in school. Applicants must show evidence of need and promise of social and financial responsibility.
Payments start no later than three months after graduation and are due once a year.
Repayment begins one month after the date of the loan and is due in 10 equal payments. Students may apply year-round. Financial need and satisfactory academic progress must be shown. Students should check local Rotary Clubs and Kiwanis Clubs for further information. For help in locating local clubs, contact Program Development at the above address.