Santa Barbara Foundation General Loans

Student aid recipients

Types of Loans

Undergraduate Loan Program

Loans are available for up to four years of undergraduate studies. Loans are interest-free and repayment begins six months after the student graduates or otherwise leaves school.

Schwalenberg Medical School Loan Program

Loans are awarded to students for up to 14 quarters of medical school and are allowed in addition to an undergraduate loan. Loans are interest-free and repayment begins 18 months after the student receives an M.D. degree or otherwise leaves school. For students who enter family practice or internal medicine, the medical school loan is considered paid in full when 50 percent of the loan has been re-paid in a timely manner.

Heimlich Fund Loan

No-interest loans are available for students pursuing a degree in business economics, constitutional studies, M.B.A., military service, or criminal justice. Students at the following institutions receive priority: Chapman College, the Citadel, Pepperdine University, Virginia Military Institute, and Westmont College.

Siefe Family Loan

No-interest loans for Lompoc Valley undergraduates or graduate students pursuing studies in the sciences or health and medicine, including fields such as engineering, physics, biology, chemistry, dentistry, nursing, veterinary medicine, or earth science. A minimum grade-point average of 3.5 is required, but financial need is not.