Money for College: An Interest-Free Loan Program That Helps You Find Scholarships

If you or your child will be headed to college next year, you might already know how expensive it can get. The Scholarship Foundation of St. Louis, a nonprofit organization, offers an interest-free loan for St. Louis-area students who might not otherwise have the financial means to attend college or technical school.

Through the Scholarship Foundation of St. Louis, qualified students can get renewable, interest-free loans of up to $7,000 per academic year. Approval is based on financial need, academic potential and strength of character, according to a press release from the organization.

To qualify, students must:

• Have graduated high school or earned a GED
• Be planning to enroll in approved, accredited postsecondary programs
• Be a U.S. citizen or legal resident
• Be a permanent resident of the St. Louis metropolitan area for at least two year prior to the date of application
• Reside in one of these areas: St. Louis City and St. Louis County; the Missouri counties of Franklin, Jefferson, Lincoln, St. Charles and Warren; and the Illinois counties of Clinton, Jersey, Madison, Monroe, and St. Clair.

IMPORTANT: The deadline for applications is Nov. 15.

How to Apply

• Complete a general application online at http://www.sfstl.org. You’ll also be able to simultaneously apply for a number of external scholarships offered on the St. Louis Graduates website.
• After you complete the general application, you’ll be asked additional questions for each additional scholarship with which you’re matched.