Eugene Atwood FunD
Interest Free Loans And Academic Achievement Awards
Applications accepted beginning January 1, 2020
Application deadline is February 28, 2020
Interest Free Loans
Students helping future Students in New London County, CT
Students borrow money interest-free, from The Eugene Atwood Fund. It is paid back after graduation so the next round of students will be able to borrow for their ventures.
The amount granted to an individual varies from $500 to $5,000 each year depending upon the student need and availability of funds. If a loan is granted, it is paid in two installments: one half in August and the balance in December, made payable to the school and the student.
Successful students contribute back to the Fund more than their loan amounts to help make funds available for the next generation.
The Eugene Atwood Fund provides interest free education loans to students who are residents of New London County. The repayment term is twelve (12) years from the date the student (borrower) and parent/guardian (co-signer) signs the promissory note agreeing to the loan and loan terms. A monthly repayment amount will be established by The Eugene Atwood Fund based on the total amount loaned but will be no less than $50.00 per month.
The Eugene Atwood Fund is a non-profit private foundation and is not similar to federal loan programs. Therefore, loan repayments cannot be deferred due to attendance in graduate school or continuing into a program higher than four (4) years.
Loan repayments begin September 1st in the same year the student graduates, or immediately if termination of enrollment occurs and will continue monthly until payment is completed in full.
Please note, The Eugene Atwood Fund reserves the right to charge additional fees (i.e. late fees, administrative fees) to the borrower due to non-payment and may forward your account to our collection’s attorney, if necessary.
How to Apply
OUR PROCESS FOR ACCEPTING
APPLICATIONS IS ONLINE!
Loan applications and the Atwood Award nominations applications are completed online.
We will begin accepting applications for on January 1, 2020 with a due date of February 28, 2020. Applications can be found HERE.
After creating your login information please choose one of the following applications:
Contact Stacey Haskell at firstname.lastname@example.org