LOAN APPLICATION FAQs
- Apply Online: 02/01/23 – 04/28/23
- Notification of Loan: 06/09/23
- Return Loan Agreement : 06/30/23
- Distribution of Funds: 08/01/23
- Repayment Begins: 6 months after graduation or cease full-time student enrollment
How much is each loan?
The loan will range between $1,800-$2,000. The amount is decided by the Board of Directors in May.
Who is eligible?
Any student who is a resident of Lancaster County, who will be attending an accredited institution of post-secondary education full-time, and shows financial need.
How do I apply?
Complete the online application and provide a copy of the SAR (Student Aid Report) from the FAFSA (Free Application for Federal Student Aid)
How many loans can I receive?
Each student is eligible for up to 4 loans.
Do I have to reapply each academic year?
If I get more than one loan does my monthly repayment amount increase?
No. The monthly repayment amount remains the same. The length of the repayment period is extended depending on how many loans you receive.
Where does LDHL get its funds?
LDHL receives its funding through loan repayments and personal and business donations.