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The Educational Director for the College Opportunity Fund will determine the amount of money, if any, to be loaned to each student based upon the need for tuition, room, board, and books. The determination will be made annually.Students may apply and reapply for a no-interest loan for the period of time required to attain a baccalaureate degree, not to exceed five years. In order to reapply for a loan, freshman students must maintain a minimum G.P.A. of 2.5 each semester. All other students must maintain a minimum G.P.A. of 3.0 each semester in order to reapply. Students will be required to sign release forms for their transcripts and Financial Aid Awards. Repayment of loans will begin within three months following the student’s graduation.Students that become ineligible to reapply due to poor academic performance are required to continue providing the Educational Director with a copy of their grades each semester and their current contact information. Ineligible students who remain enrolled full time pursuing a degree are not required to begin repayment until three months after graduation.
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