Interest-Free Educational Loans


After careful consideration, the Community Foundation of Western Massachusetts has decided to delay the next application round for our student loan program to review and evaluate strategies meant to ensure access and affordability to post-secondary education. As the cost of education has skyrocketed, student loan debt has more than doubled over the last 20 years. We plan to gather input across our three counties to reflect on our current practices and, if necessary, find new methods to support the best possible outcomes for students.

For current loan recipients, the repayment process has not been impacted by this decision and repayments continue. If you have any additional questions, please email

We provide approximately $600,000 in interest-free educational loans to help students pay for educational costs associated with going to college. You may receive one $3,000 loan each year you are enrolled in college, and you can receive a maximum of 4 loans (a total of $12,000) over the span of your undergraduate and/or graduate education.

We have two different loans, each with different criteria. You must meet the criteria for at least one loan to be eligible for consideration.

See our Scholarship and Loan Program FAQ for additional information.

Steps To Apply For A Loan:

1.  Click the “apply” link and either create an account or login to an existing account. If you have applied for scholarships or a loan since 2021, use the account you created. DO NOT create a new account. If you are unsure of whether you have an existing account, contact the Education Impact Team at

2.  Complete and submit the application.

3. We will review your application after the loan period closes and notify you through email if you have been approved to receive a loan.


After CFWM sends you notification you were approved for a loan, you will receive an email from ECSI/Heartland (our loan administrator) with instructions on how to set up your ECSI/Heartland account, do your loan entrance counseling, and sign your promissory note.

You must complete the entire process within 30 days of receipt of the email from ECSI/Heartland. Failure to do so will result in the cancellation of your loan.

We will send the loan check directly to you at the address you entered in the CFWM portal. If your address or email changed, you must edit your account profile in your portal.

See our Scholarship and Loan Program FAQ for more information.

For more information, see our Scholarship and Loan Program FAQ

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

You could receive up to, but not to exceed, $12,000 over the course of your higher education.

Things to Know About Paying Back a Loan:

All questions and issues surrounding paying back a loan should be made to Heartland ECSI at:

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.