Interest Free Educational Loans

The Community Foundation of Western Massachusetts administers two separate interest-free student loans. To be considered for an interest-free loan, students must meet the criteria provided in the loan description and then indicate their interest in a loan when completing their Scholarship and Interest-Free Loan Program application.



  1. Apply Online to the Scholarship and Interest-Free Loan program between January 1 and March 31.
  2. Indicate an interest in receiving a loan on the application.
  3. Submit a copy of the most recent academic transcript by March 31.
  4. Submit a copy of the Student Aid Report (SAR) for the 2018-2019 academic year by March 31.


James W. Colgan Loan
Students who are residents of Massachusetts for the past five years

Margrit H. Sutton-Annen Student Loan
Students who are U.S. citizens of Swiss descent enrolled full-time in a two or four-year college


  • Students are eligible to receive an interest free loan of $3,000 in a given academic year.
  • Students may reapply for a loan in subsequent years.
  • Students may receive a cumulative total in loans up to, but not exceeding, $12,000 over the course of their higher education.


  • Repayment of the cumulative loan amount borrowed begins three months after a student graduates or stops attending college.
  • No interest is charged to the cumulative loan amount.
  • If payments are not made on time, additional fees may be charged.
  • All repayments are done through University Accounting Services (UAS).
  • All questions regarding loan repayment can be directed to:

University Accounting Services (UAS)