APPLY FOR A LOAN

Basic Information

• Our application portal will open on March 1st.

• You must be a Millburn Township resident.

• You will need a parent(s) or guardian to co-sign your loan.

• Loans are need-based and currently interest-free.

• Loans are intended for tuition purposes only.

• The maximum loan amount that we offer is $6,000 annually, for generally four years (maximum of five).

• All decisions regarding loans for the upcoming Fall semester will be made before June 30th. 

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• Terms of loan repayment:

  • No payments are required for the first six months after graduation or withdrawal from college.

  • All loans are scheduled to be paid off in full in six years or twenty-four quarters.

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If You Are Approved For A Loan​

• A CTK Treasurer or another representative of the Fund will inform the applicant of their approval.

• Each semester, a check will be issued and made payable to the College at which the applicant is attending.

  • A note will be drawn up at that time to be signed by all co-borrowers.

• The borrower must fill out a loan renewal form on our website for each semester that a loan is requested.

• The Borrower must notify the Fund of his/her graduation or withdrawal from college.

  • At that time, the Treasurer will confirm the repayment schedule for the loan with the student.

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Before You Start the Application, You Will Need​

• A Google Account (as the application is a Google Form).

  • If you do not have one, an account can be created online for free.

• The Current Submission Summary received after submitting the Free Application for Federal Student Aid (FAFSA) form.

• Tax Return of Applicant and Parent(s).

  • Submit the most recent return for each parent if they have filed their taxes separately.​​​​​