Graduate Loan Program

Graduate/Professional School Loan Fund

Funder: Grays Harbor Community Foundation
Geographic Scope: Grays Harbor County, Washington
Award Amount: Up to $10,000 per year with a maximum of $20,000 over two years
Interest Rate: 2% on unpaid balance after graduation

Overview

The Grays Harbor Community Foundation offers low-interest loans for graduate school and professional school for all Grays Harbor County graduates. This new program is intended to financially help Grays Harbor graduates who are planning to enter or are currently enrolled in graduate/professional school.

Program Details

Loan Features:
• No interest charged while student is enrolled in school
• 2% interest rate on unpaid balance after graduation
• Repayment length determined on total amount of loan
• Renewable: Students can reapply for the loan once per year for two consecutive years
• Successive loans contingent on maintaining minimum 3.0 GPA and fulltime status

Eligibility Requirements

• Must be a former Grays Harbor High School graduate
• Must maintain a minimum grade point average of 3.0 on a 4.0 scale
• Current transcript required as evidence of satisfactory academic standing before each installment
• Must provide proof of enrollment in a graduate, professional or doctoral program (Ph.D., medical, law, veterinary, etc.)
• Must be enrolled in an accredited school at time loan is drawn
• Must have Grays Harbor high school transcript
• Demonstrated financial need
• Must sign promissory note

Application Timeline

• Applications Accepted: May 1 - July 15
• If loans are unfilled, the application remains open