Interest-Free Student Loan Program

UPDATE:”Please be advised that the Strong Foundation’s Student Loan Program has been suspended pending a strategic review of the Foundation’s philanthropic programs.”

The Strong Foundation administers a loan program for American college students, studying in the U.S. or abroad, who are entering their FINAL year of study in a baccalaureate or graduate degree program. Loans are made solely on the basis of individual merit, without regard to race, sex, or religion, are interest-free and do not require collateral. Applicants must be enrolled, as full-time students, in an accredited four-year college or graduate school. The terms of repayment are based upon monthly income after graduation and are arranged with each individual so as to work a minimum of hardship. All arrangements are made directly with the students themselves. Personal interviews are not conducted. Students should write between January 1 and March 31, giving brief personal history and identification of the educational institution attended, the subject studied, date expected to complete studies and amount of funds needed. If the applicant qualifies for consideration for a loan, formal application blanks are then sent to be filled in and returned to the Foundation. The enclosure of a self addressed, stamped envelope will speed the process.