New Financial Aid Opportunity: Student Freedom Agreement

  • What is Student Freedom Agreement?
    • Income-contingent, private education loan that is designed to cover a student’s remaining cost of attendance after other aid sources (state or institutional aid, federal grants, work-study, or direct subsidized/unsubsidized loans) are considered.
    •  “Freedom” is a keyword because applicants do not need to depend on parents to qualify and because this loan is designed to liberate students to make their own career/life choices and increase a student’s independence through social and economic mobility.
    •  Qualifying students get up to $20K annually for school.
  • Who is eligible for this loan?
    • Full time, rising juniors and seniors pursuing STEM majors at any Minority Serving Institution (MSI). (Why only STEM? Because statistics show that a STEM education can serve as a pathway to freedom for students.)
    • All racial backgrounds. (This loan originally focused on Historically Black Colleges and Universities (HBCUs) but has been expanded to any student attending an MSI.)
    • Must have a valid social security number.
  • How do I learn more or apply?