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.
- Be a U.S. citizen or permanent resident (green card).
- Have attended at least four of the six years between grades 7-12 at a Santa Barbara County school AND graduate or receive a General Equivalency Diploma (GED) from a Santa Barbara County high school by June 2013.
- Be planning to attend an approved college or university full-time as an undergraduate or as a medical or graduate student.
Apply Online at:
SBSF Loan Application
January 31, 2014
For more information:
Scholarship Foundation of Santa Barbara
2253 Las Positas Road
Santa Barbara, CA 93105
The Scholarship Foundation of Santa Barbara (SFSB) accepts applications and collects loan payments on behalf of the Santa Barbara Foundation’s Student Aid programs.