Continuing Interest-Free Loans

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 loans 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 have zero interest while you are in school and throughout the repayment period, provided you make regular monthly payments beginning six months after you graduate or leave your program of study. The money you repay is reinvested into funding future interest-free loans for other students. Continuing loans are for students who have previously received a Bootstraps award and who are continuing their education after the first year.

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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.