Continuing Interest-Free Loans
TIMING
CONTINUING
INTEREST-FREE LOANS
The application opens on May 1 and closes on June 30. Students will be notified the first week of July.
BOOTSTRAPS Continuing Interest-Free Loans
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With the rising cost of higher education, graduating without student loan debt seems nearly impossible. Private may carry high interest rates, making repayment burdensome. Bootstraps is here to help ease that financial strain by offering interest-free student loans. Our loans come with zero interest while you are in school and throughout the repayment period, provided you make regular monthly payments. The money you repay is reinvested into funding future interest-free loans for other students.
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IF YOU'RE CONSIDERING A FEDERAL STUDENT LOAN, WE STRONGLY RECOMMEND APPLYING FOR A
BOOTSTRAPS INTEREST-FREE LOAN INSTEAD!
Application Period
Applications are open annually from May 1 to June 30. If funds remain after the first round of applications, the Bootstraps Board of Directors may choose to reopen the application period. Loan recipients will be notified via email during the first week of July.
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Loan Disbursement
Funds will be sent to recipients by August 30. Before receiving the loan check, you must complete a brief survey to help us measure the program's impact. You will also need to sign a loan agreement to accept the repayment terms.
Repayment Terms
Repayment starts six months after you leave school. The repayment schedule, detailed in your loan agreement, will depend on the total amount borrowed.