Who Is Eligible?
The Whittier Student Loan is an interest free loan awarded to students who are either U.S. Citizens and residents of certain areas of Southern California. Certain grade point average requirements are also used to determine eligibility for this award. The award amounts are based on financial and scholastic eligibility. The student must have completed all necessary financial aid documents and be enrolled full time. If the student is eligible for the Whittier Student Loan, it will be reflected on the student's award letter.
Amount of Eligibility
Award amounts vary from year to year, but cannot exceed the $4,000 annual maximum.
Interest Rate
There is no interest on the Whittier Student Loan.
Disbursement
If the student was eligible for a Whittier Student Loan (see the student's award letter) a promissory note and disclosure form must be completed. Whittier Loan Promissory Notes are completed electronically. The Business Office will send detailed instructions and a link to students who have been awarded a Whittier Loan. Disbursement of these funds will be credited directly to your Whittier College student account.
Repayment
Repayment begins six months after you cease to be enrolled as a full-time undergraduate student. The maximum repayment period is ten years and may be deferred.
