Loans
Essential Student Loans
Columbus W Thorn Jr Foundation in Elkton, Maryland, provides student loans to worthy Cecil County Maryland students. Interest accrues at 5% per annum, commencing with the completion of discontinuance of the student's advanced education, whichever first occurs.
Loan Stipulations
The said loans are guaranteed by student's parents and repaid within four years after completion or discontinuance of student's advanced education, whichever occurs first. The student and parents acknowledge that as a condition precedent to qualify for said loan, the student must be a bona fide resident of Cecil County and student and parents affirm and avow that the student is in fact a bona fide resident of Cecil County, MD.
Unless otherwise agreed to in writing by the foundation, a student's advanced education will be considered completed when said student obtains an undergraduate degree or their class graduates, whichever first occurs.
Unless otherwise agreed to in writing by the foundation, a student's advanced education is discontinued if said student withdraws during a school term or fails to complete satisfactorily a school term, or does not attend school full-time during next regularly scheduled term.
Current recipients must apply annually. For full terms and conditions, please refer to the Student Loan Agreement.
Contact us today for additional details about receiving extra funds to further your education.