APPLY FOR A LOAN
GENERAL INFORMATION
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Applicant must be a Millburn Township resident.
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Maximum loan amount is $4,000 per year for up to four years.
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Loans are need-based and currently interest-free.
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The following must be submitted by May 10th to be considered for a loan in the Fall semester of the following school year:
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Loan Application
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Current Financial Aid Form (FAFSA)
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Tax Return of Applicant and Parent(s). Submit most recent return for each parent if filed separately.
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All decisions for loans beginning in the Fall will be made before June 30th. If a loan is granted to an applicant, the Treasurer or a representative of the Fund will inform the applicant.
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Borrower must request loan from the Treasurer for each successive semester after initial approval.
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Loans are to be used for tuition only. For each semester, the Treasurer will issue a check for the loan amount, made payable to the Treasurer of the College at which the applicant is attending. A note will be drawn up at that time to be signed by all co-borrowers.
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The Borrower must notify the Fund of his/her graduation or withdrawal from college. At such time, the Treasurer will confirm the schedule for repayment of the loan.
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Terms of loan repayment:
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All loans are scheduled to be paid off in full in (4) four years/ (16) sixteen quarters.
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No payments required for the first six months after graduation or withdrawal from college.
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Payments to begin thereafter on a quarterly basis.
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Quarterly payments shall be computed by calculating the “total amount borrowed” divided by 16.
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(i.e. $4,000 borrowed for each of 4 years for a total amount borrowed of $16,000. $16,000 / 16 = $1,000 due per quarter for 4 years.)
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APPLY ONLINE
To apply, complete the steps below by the May 10 deadline.
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Instructions to download your FAFSA PDF:
On the FAFSA website, click on "View or print your student aid report." Scroll down to button that says "View Student Aid Report (PDF)". Save. Make sure your pop-ups are not blocked.
For a Mac, click on "Print This Page" at bottom of the screen. When the print menu comes up, go to the left corner of that pop-up for PDF. Once you hover your mouse over it, click "Open in Preview." Save.
STEP #2
Complete and Download a FAFSA Form
(Click on Image above for FAFSA site)
APPLY BY MAIL
To apply, complete the steps below by the May 10 deadline.
STEP #3

Mail Application, FAFSA AND Tax Return(s) to CTK