Tips on Finding Interest-Free Student Loans

Feb. 28, 2011 - PRLog -- With the new academic school year, the federal government will be offering subsidized Stafford student loans to millions of students at a low 4.6% interest rate. However, with the already low interest rate a few thousand lucky students will be offered loans with no interest.  

There are a variety of colleges and charities that offer loans which requires students to only pay back the amount borrowed without any interest rates.  

Potential students who are pursuing their degree both on campus and in online degree programs can improve their chances of receiving these interest-free student loans by researching a religious organization, ethnic society, or local community foundation. Often, consulting your financial aid office may be of great benefit since some institutions offer a few interest-free loans.

The following organizations listed below are interest-free loans for students of all faiths:

•   Evalee C. Schwarz Charitable Trust for Education – Loans up to $15,000 are awarded
•   Leo S. Rowe Pan American Fund – Loans of up to $7,500 are awarded
•   Massachusetts No Interest Loan – Loans of up to $5,000 are awarded
•   Scholarship Foundation of St. Louis – Loans of up to $5,000 are awarded
•   Abe and Annie Seibel Foundation – Loans of up to $6,000 are awarded
•   Central Scholarship Bureau of Maryland – Loans of up to $10,000 are awarded
•   Jewish Free Loan Association – Loans of up to $3,500 are awarded
•   Military Officers Association of America Scholarship Fund – Loans of up to $5,500 are awarded

Degree.com is dedicated to offering useful insight on education and online degree programs for prospective/current students. With a wide variety of different degrees, students will have no trouble finding the proper information based on their specific educational needs.

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Whether it’s for educational purposes or to advance in ones career, obtaining an academic degree has become the main goal for many who seek an education. Degree.com can help find the degree that will increase your chance of success in the working world.