A Calif. interest-free student loan

[TaraMom]

<p>If someone’s attending one of the colleges listed below, it may be worth asking about.</p>

<p><a href=“http://www.weingartfnd.org/weingart97/student.html[/url]”>http://www.weingartfnd.org/weingart97/student.html&lt;/a&gt;&lt;/p&gt;

<p>

The schools in the program are as follows:
Chapman University, Claremont McKenna College, University of LaVerne, Loyola Marymount University, Mount St. Mary’s College, Occidental College, Pepperdine University, Pitzer College, Pomona College, University of Redlands, University of San Diego, Scripps College, Westmont College and Whittier College. </p>

<p>The colleges make loans available only to graduates of California secondary schools who are U.S. citizens enrolled in a four year undergraduate course.</p>

<p>The student loans bear no interest and are repayable in even monthly installments over a ten year period beginning six months after graduation. Utilizing their own scholarship criteria, with the exception of the residency requirement above, the colleges administer the program. </p>

<p>Participating colleges report that these loan funds have been directed primarily to students from middle-income families who need additional financial assistance but are not eligible for state or federal loans under prevailing rules.</p>

<p>The Foundation emphasizes that the loans to students under this program are not identified as Weingart loans but are designated by each college as a loan from that school.

</p>