A revolving fund totaling $2,500,000 with loans limited to amounts repaid to the fund by former borrowers. A total of approximately $350,000 is available yearly.
Loans are made to full-time students who are U.S. Citizens/Permanent Residents and Texas Residents attending Texas colleges or universities. Loan applications will be considered for undergraduate Juniors, Seniors; and graduate students attending graduate schools. A maximum of $10,000 may be loaned to one student. Interest at the rate of four percent (3%) per annum is charged on the unsecured loans. Payment is due one year after graduation. Lump sum repayment may be made at any time, but a repayment schedule, providing up to four years after graduation, terminal degree, internship or specialization, may be available for complete liquidation of loans.
The student loan fund is the only operating program begun during the lifetime of the founders in 1951.
If you are interested in applying for a loan and meet the criteria, please download the loan application.
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