Policies of The Bill Raskob Foundation

Listed below are the criteria that every student must meet in order to apply for our loan.

• At present, the Foundation is not accepting applications from foreign students, US students graduating from a foreign school, for first-year study (undergraduate), medical students (except those funded last year) or correspondence courses.

• The Foundation aids students through educational loans at no interest. The Foundation does not award scholarships, grants or gifts.

• The Foundation does not accept applications from foreign students. The student must be a legal United States citizen attending an accredited school in the United States.

• The Foundation accepts requests for applications from January 1st thru April 1st. You may download an application from this site. If you would like to receive an application form through the United States Postal Service, submit a written request between January and April.

• The Foundation does not fund a student through more than one degree. Students must be enrolled in an accredited institution of higher education for the upcoming school year.

An educational organization is an accredited institution of higher education that:

1.

Maintains a regular faculty and curriculum and normally has a regular body of pupils or students in attendance at a place in any State or the District of Columbia where its educational activities are regularly carried on;

2.

Admits as regular students only individuals having a certificate of graduation from a high school, or recognized equivalent of such a certificate, or a bachelor's or higher degree from an accredited institution of higher education;

3.

Is legally authorized within such State or the District of Columbia to provide a program of education beyond high school;

4.

Provides an educational program for which it awards a bachelor's or higher degree; and


5.

Is a public institution or a nonprofit institution that has been recognized by the Internal Revenue Service as an organization described in Section 501(c)(3) of the Internal Revenue Code of 1986.