About the Atwood Fund
The Atwood Fund was established in 1916 by Mr. Eugene Atwood, a prominent businessman and head of the Atwood Machine Company, located in Stonington, Connecticut in the late part of the 19th century. Mr. Atwood intended the fund to assist young people, who would otherwise be handicapped by a lack of money, make the most of their opportunities. Since its establishment in 1916, the Atwood Fund has provided thousands of young people with interest free loans to help them attend college.
The Atwood Fund provides education loans to students who are residents of New London County. The loan is to be repaid, without interest, when the student has finished school. The amount granted to an individual varies each year depending upon the availability of funds. If a loan is granted, it is paid in two installments, one half in September and the balance in January. You may apply each year as long as you are in college.
To apply, the following documents must be submited to the Atwood Office no later than May 1st:
1. An Application
2. Three Letters of Reference (only required the first time you apply)
3. A copy of your parents' most recent Federal Tax Return
4. A current School Transcript (then a year end transcript must be provided to us as soon as available.)In addition, if your parent's adjusted gross income is greater than $50,000, you must also provide us with:
1. A "Profile Financial Need Analysis Report" from the College Board
2. A "Student Aid Report" (SAR) from FAFSA