Regarding repayment, the Foundation offers a 6-month “grace period” following graduation to all students, except medical\dental\veterinary students who may begin repayment within 12 months. The Foundation determines the repayment schedule and time frame...and since the Bill Raskob Foundation, Inc. basically operates as a revolving loan fund, deferments are not granted. The Foundation strongly recommends that all applicants apply for government loans or grants. Since this is a small family Foundation with limited funds to distribute, a student‟s efforts at locating funding from as many sources as possible are often considered by the Trustees as an indication of serious intent and responsibility. (Note: The average loan is for $5,000) The student must complete the form. Loans are made to the student applicant (not the parents, the school or outside agencies), so the ability to follow instructions is a factor taken into consideration. All additional information (see Checklist on Application Form) must be supplied before the Board will consider your application. Also, a personal interview may be requested, depending upon geographical location. If any requirements are not satisfied, the application may be automatically rejected. (Please make copy of applications for you records) If you meet the above qualifications, and now wish to apply to the Bill Raskob Foundation, Inc., we will be happy to hear from you. Our Board of Trustees meets once a year to consider applications. Requests for applications are accepted from January 1st through April 30th. The deadline for submitting completed applications is May 15th. You will be notified of the committee‟s decision in July or August.