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Instructions & Eligibility
Low-interest loans are available each year from the Kansas Masonic
Foundation to Kansas residents attending a Kansas institution of higher
learning. Approximately $2.5 million have been loaned out to Kansas
residents since 1970. Students are required to maintain at least a 2.0
semester GPA on a 4.0 scale and remain a full-time student (minimum of
12 hours for undergraduates, 9 hours for post-graduates). These
multi-year loans are designed to assist a student throughout a 1, 2, 3
or 4-year educational process. Repayment starts one year after
completion of school and is accomplished over a 4-year period with
increasing annual payment at a 4% interest rate on the principal.
Interest begins accruing at the date of completion of school or
termination of agreement.
Applying for a Student Loan
For a student loan application you may contact the Kansas Masonic
Foundation by phone and request an Application and Financial Aid
Verification Form, or you may download the forms online. These forms must be completed in full and mailed to the
Kansas Masonic Foundation office no later than April 15, 2008;
uncompleted forms will not be accepted. The top section of the
Financial Aid form must be filled out by the student and then forwarded
by the student to the Financial Aid office of the student’s school of
choice. In addition to the application forms, other documents that must
be in the Kansas Masonic Foundation office by the deadline specified are: a
cover letter on the students educational and career plans, a recent
official transcript, a photograph of the student and at least one
letter of recommendation. On the application form, we require two co-signers who can't be from the same household. Applications for the 2009-10 school year will be available after September 1, 2008.
Students who have actively been in our loan program for at least two
years, remain a full-time student and maintain a 3.5 or higher
cumulative GPA may qualify for a
non-solicitable scholarship. These scholarships are made possible
through the generosity of Lester Barrett King and his wife, Clarice
Whitehill King. Since the inception of the scholarship program in the
1995-96 school year, over $200,000.00 in scholarships have been
awarded to these students.
Grants are also available for physically challenged (handicapped)
students. Cynthia Ruth Russell Memorial Grants for the physically
challenged are available each year to Kansas residents who attend a
Kansas institution of higher learning. The deadline for all Cynthia
Ruth Russell Memorial Grants are due in the Kansas Masonic Foundation
office no later than April 15, 2008. This is a one year grant only.
However, grant recipients may re-apply each year. You can contact the
Foundation office for a Cynthia Ruth Russell Memorial Grant
application.
Effects on other Financial Aid
Your student loan does not necessarily affect other financial aid.
The Education Loan Agreement is made directly with the student and
two co-makers. All subsequent disbursements are made by check to the student
to be used for educational purposes. Reports are not sent to the school
or other lenders unless requested.
Masonic Affiliation
No Masonic affiliation is required for either the KMF Student loan or
the Cynthia Ruth Russell Memorial Grant. All loan decisions are solely
based on each student’s individual situation without regard to age,
race, sex, religion or disability.
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Instructions & Eligibility