Interest-Free Loans for Higher Education
Millburn-Short Hills NJ Residents Only
For over eighty years, The Charles T. King Student Loan Fund (CTK) has given need-based, no-interest, fee-free loans to over 850 Millburn Township residents, totaling more than $3 million, to continue their post-secondary education.
How CTK student loans can help?
Rising Costs
Interest Free Loan Advantage
With the average cost of living and tuition rising annually, saving enough money for a collegiate education has become even more difficult. CTK understands the numerous financial challenges that students and their families face, and tries to alleviate some of the pressure so that students can focus on their education.
Our interest-free student loans enable students to borrow money to cover the costs of tuition. They repay exactly the amount borrowed upon completing their undergraduate education, with no fees. The students' loan repayments (along with the support of additional community donations) help to fund the next generation of students.
CTK Loans Are Need Based
Am I Eligible To Apply For A Loan?
​​My legal residence is in Millburn Township.​​​​
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I am attending a college/university/technical school that is accredited in the U.S.
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My parent(s) or another trusted adult will co-sign my loan.
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I have completed the Free Application for Federal Student Aid (FAFSA) form.
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​My loan is intended to be used for tuition only.​​
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My parent(s) or co-signer have federal/state tax returns.
Pay It Forward
As a non-profit that recycles nearly all its money back to recipients, CTK relies on the generosity of donors. Your donation enable us to continue lending to township students.
Contact Us
General inquiries & application information:
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Current and past loan recipients:
Mailing Address
The Charles T. King Student Loan Fund
P.O. Box 45
Short Hills, NJ 07078