Whittier Student Loan

Who Is Eligible?

The Whittier Student Loan is an interest free loan awarded to students who are either U.S. Citizens or permanent residents. 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 through the Business Office every semester. The Business Office will mail Whittier Student Loan promissory notes to in early August. The promissory notes will also be available to you during Orientation and/or Registration. 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.

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