CAN LOAN REPAYMENTS BE TEMPORARILY REDUCED OR DEFERRED SHOULD AN UNFORESEEN FINANCIAL CIRCUMSTANCE ARISE?
A complete “Repayment Assessment Form” must be submitted for consideration of reduced or deferred payments. A reduced payment option is offered to help you maintain a good pay history while you work through a temporary financial difficulty. Deferments are granted in cases of extreme financial hardship and are approved at the discretion of The Scholarship Foundation. Mail your completed form to The Scholarship Foundation, 8215 Clayton Rd., St. Louis, MO 63117. WHAT IS “NEED-BASED” AID? Any funding source that considers a family’s income or ability to pay as criteria for receiving financial aid is considered need-based. The Scholarship Foundation’s Interest-Free Student Loan Program and grants are need based. HOW IS FINANCIAL NEED EVALUATED? The single most important criterion for receiving financial assistance from The Scholarship Foundation is financial need. • First we look at the total cost of education, including tuition, fees, room and board, and miscellaneous personal expenses suc
