Student Loan Program

Since 1920, the Olin Scott Fund has helped Bennington County students achieve their educational goals by providing affordable post-secondary educational loans. Our loan program is available to full-time students pursuing undergraduate, vocational, graduate, or professional education.

Eligibility

To qualify, applicants must:

  • Be a resident of Bennington County, Vermont

  • Be enrolled (or accepted) as a full-time student

  • Maintain a minimum 2.5 GPA

New Student Applications

To apply for a new loan, you must:

  • Submit a completed application (admissions beginning Spring 2026)

  • Provide an official transcript showing a minimum 2.5 GPA

  • Provide a copy of your school acceptance letter

  • Pay the $25 one-time application fee by July 1, 2026

  • Identify two qualified loan co-signers

If your loan is approved, both co-signers must complete the required loan documents before funds can be disbursed.

Loan Amounts

  • Undergraduate students (Freshman–Senior): Up to $7,500 per academic year

  • Graduate and professional students: Up to $7,500 per academic year

Loan Terms

  • 0% interest while enrolled in school

  • Interest begins one year after graduation

  • Fixed 5.0% Annual Percentage Rate (APR)

  • 0.5% loan origination fee

Repayment

  • Loans of $10,000 or less: 60-month repayment term

  • Loans over $10,000: 120-month repayment term

Please note: Special repayment provisions apply if a student withdraws from school before graduation.

Renewing Your Loan

Current borrowers must renew their loan each academic year to continue receiving funding or to defer repayment while enrolled.

To renew, you must:

  • Submit a renewal application by July 1, 2026

  • Verify your continued full-time enrollment

  • Provide an updated transcript showing:

    • Full-time student status

    • Minimum 2.5 GPA

  • Submit all required documents to operations@olinscottfund.org

Equal Opportunity

The Olin Scott Fund, Inc. does not discriminate on the basis of race, color, religion, national origin, marital status, sex, age, gender identity or expression, or disability.

Complete loan terms, conditions, and disclosures are provided with the official loan application.