Interest-Free Educational Loans

Each year we provide approximately $600,000 in interest-free educational loans to students to help pay for educational costs associated with going to college. We have two different loans, each with different criteria you must meet to be eligible for consideration.

A link to our Loan Application will be available here beginning Spring 2021.

See our Scholarship and Loan Program FAQ for additional information.

How To Apply For A Loan:

  • Students can apply through our online application anytime between June 1 and January 31. A link to the application will be available here during that time. NOTE: The application for our loans is different from our scholarship application.
  • Applicants will be notified by the Community Foundation if they received a loan within two weeks after submitting their application.
  • Loan recipients will receive an email from ECSI/Heartland (our loan administrator) with instructions to create an account and complete the steps and paperwork necessary for their loan to be processed.
  • We will send the loan check directly to the applicant once they have completed the necessary steps with ECSI. NOTE: Loans are processed on a monthly basis and it could take up to 45 days to receive your loan check.

For more information, see our Scholarship and Loan Program FAQ

Things to Consider Before Applying for an Interest-Free Loan:

Things to Know About Paying Back a Loan:

Our Loan Funds:

James W. Colgan Loan

Students who are and have been residents of Massachusetts for at least five years (other criteria may apply).

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.

If you are interested in establishing a new educational loan fund, please visit our START A FUND page.