Katherine Bogardus Trust Loan
- Alex Castillo
- Mar 17, 2017
- 1 min read
Borrowers must be DeWitt County residents or a descendant of Katherine Bogardus’ first cousins. Loans are granted to pay tuition. Interest is at the rate of 3.00% per annum, and it begins accruing when funds are borrowed. The maximum lending limit to any student is $16,000.00. Students should have a need for outside help, and the fact should be established that help is unavailable elsewhere. Each student is to contribute, if possible, with part-time employment. Repayment begins no later than six months after graduation or termination of schooling and is to be completed within 10 years.
During the loan application approval process, we must determine that the student has a reasonable chance of success in completing their chosen course.
Students who are interested in applying should contact Nate Sams at 935-3144, extension 473, or via email at nsams@sblincoln.com to request an application and listing of the documents required to be submitted with the application. We suggest to students that they submit their completed application four weeks prior to the date their tuition is due.
If you have any questions, please do not hesitate to contact Nate or Gail Nunnery at 217-735-5551, extension 325, or via email at gnunnery@sblincoln.com.
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