Introducing our New Graduate and Professional School Loan Fund Program
The Grays Harbor Community Foundation is pleased to establish a Graduate/Professional Degree Loan program. This new program is intended to financially help Grays Harbor graduates who are planning to enter or are currently enrolled in Graduate/Professional School.
The Grays Harbor Community Foundation and its donors have been providing financial assistance to area students since 2000. The financial assistance has always been in the form of scholarship support for the students’ pursuit of higher education. We are now offering low interest loans for graduate school and professional school for all Grays Harbor county graduates.
About the Graduate/Professional School Loan Fund
- The Grays Harbor Graduate Loan Fund is available to all former Grays Harbor High School graduates.
- Available June 17 – August 22. If loans are unfilled, the application will remain open.
- Amount: Up to $10,000 per year with a maximum of $20,000 over two years.
- Renewable: Students can reapply for the loan once per year for two consecutive years. Successive loans are contingent on maintaining a minimum grade point average of 3.0 on a 4.0 scale and maintaining fulltime status.
Requirements and selection criteria:
- A minimum grade point average of 3.0 on a 4.0 scale. A current transcript is required as evidence of a satisfactory academic standing before an installment of a loan may be drawn.
- Must provide proof of enrollment in a graduate, professional or doctoral program (ex: Ph.D., medical, law, veterinary)
- At the time the loan is drawn, student must be enrolled in an accredited school
- Grays Harbor high school transcript
- Demonstrated financial need
- Signed promissory Note
How does the loan work?
No interest is charged while the student is enrolled in school. The length of repayment will be determined on the total amount of the loan. The interest rate on the unpaid balance will be charged monthly for the loan at 2%.
