Student Loans and Parent Loans for (Dependent) Undergraduates

Undergraduate and graduate students attending a college/university may receive a loan with no interest accruing while the student is enrolled full-time in a degree program. The interest rate for 2008-2009 is 5% for student loans with promissory notes signed after April 16, 2008 and 7% for parent loans with promissory notes signed after April 16, 2008. A loan fee of up to 4% may be charged at disbursement of loan proceeds. In 2008-2009 the loan fee will be discounted to 2%.

Criteria

• be members of the Presbyterian Church (U.S.A.);
• be U.S. citizens or permanent residents of the United States;
• demonstrate financial need;
• give satisfactory evidence of financial reliability;
• be enrolled full-time;
• be in good academic standing;
• be working toward a degree in a college or university that is fully accredited by its regional accrediting association.

What is ‘financial reliability’ for a student or parent loan?

Range of Loan

• Undergraduate
  • First year $1,500.00
  • Second year $2,000.00
  • Third year $2,500.00
  • Fourth year $3,000.00
• Graduate
  Up to $6,000.00 (no more than $3,000.00 per academic year) divided evenly between the number of academic years remaining.
• Maximum Amount:
  • $9,000.00 Undergraduate
  • $6,000.00 Graduate

Application

Giving Opportunity

Please give to the Student Loan Program.

For current loan account information

Please visit khelsc or call 800-693-8220.