Interest-free loans up to $10,000/year for undergraduate, graduate & vocational students
Get help with the costs of pursuing a degree or certification. Loans are available for students enrolled at least half-time at an accredited college or university or a licensed vocational school. If you’re just beginning your studies, please wait to apply until you know what school you’ll be attending. You should be enrolled in or have accepted admission to a specific school by the time you apply.
Qualified undergraduate, graduate and vocational students may borrow up to $10,000 per academic year, with no more than $40,000 outstanding at any one time.
What’s different about our student loans?
Aside from being interest-free, the biggest difference between our loans and federal student loans is that we require students to make a small loan payment while they are in school, so some of the loan balance gets paid off before a student graduates. Monthly loan payments for students who are still in school are no more than $185/mo, and repayment begins 30-45 days after a loan is disbursed.
Loans are disbursed directly to the student, not the school, and they may be used for tuition, fees, books, or living expenses. Our student loans require guarantors, as do all of the loans we offer.
Hebrew Free Loan’s Model
Hebrew Free Loan is based on principles found in the Torah, in which we are commanded not to derive personal benefit — i.e. not to charge interest — when we lend money to assist those in need. Click here to watch a short video about Parashat Mishpatim, the Torah section that contains these teachings.
We’ve proven the success of our model with a repayment rate of over 99.5%. That’s the beauty of interest-free lending. As loans are repaid, funds are recycled to make new loans. Many loan recipients also participate in our Full Circle Club, in which former borrowers pay forward the help they received by donating to Hebrew Free Loan to help the next person in need.
[People sometimes ask about debt consolidation for student loans. If you need help with student loan debt, please call us at (415) 546-9902 x110 BEFORE you apply.]
Jesse Brandt was a senior at Berkeley High School when the pandemic hit, and finishing his senior year from home wasn’t easy. But it…Read More
Ariel Toran was born in Jerusalem but grew up in San Francisco’s Fillmore District, where he saw poverty and injustice cause a great deal…Read More
Leon Basin immigrated from Kharkov, Ukraine as a child. His wife, Marina Nekhendzy-Basin, immigrated from Saint Petersburg, Russia. Leon was nine years old when…Read More
Jonathan Morgan’s career path took a few unexpected twists and turns along the way, but he’s delighted with where he’s ended up. He works…Read More
Like many young people, it took Raphael Falk a while to find his place in the world. He grew up in Berkeley and Oakland,…Read More
Joshua Schwartz isn’t the only person who came to San Francisco on a visit and loved the city so much he decided to stay.…Read More
Yitzhar Goretsky was 14 years old when he knew that medicine was his calling. He spent that summer in England shadowing a pediatrician, where…Read More
Maya Katz-Ali is a multicultural Jew in every sense of the word, from her heritage to her experiences to her values. Maya is conversant…Read More
Roynea Epps didn’t grow up Jewish, but she’s come to connect deeply with Jewish values. Roynea is a teacher at the San Francisco Jewish…Read More
Adam Sciupac isn’t the only little kid who dreamed of becoming a professional airline pilot, but he’s one of the lucky ones who found…Read More
Cory Siskind is a star, one of those people you know is going places from the first time you meet her. At Hebrew Free…Read More
Not so many years ago, Paul Kletser was a high school senior who couldn’t quite see his way forward. He wasn’t drawn to a…Read More
Laeesha Cornejo comes from a long line of doctors, including her grandmother and three aunts. She’s always wanted to work in public health, helping…Read More
When Rachel and Steve Thomas got married last month in a Sacramento park, their immediate family were the only guests, due to the Coronavirus…Read More
Bezawit Abebe was born in Ethiopia and made aliyah to Israel in her 20s, becoming an Israeli citizen and dedicating herself to advocating for…Read More
“If not for Hebrew Free Loan, I wouldn’t have been able to pursue my dream of becoming a rabbi,” Misha Clebaner says. Misha graduated…Read More
Tobi Lessem was 25 when she first came to Hebrew Free Loan, just back from eight months on a kibbutz. While she was still…Read More
Alex came to the United States from Romania when she was three years old. Her parents applied for political asylum, but the process was…Read More
Benjie Kushins first learned of Hebrew Free Loan when he was in middle school, longing for his first drum set. His grandfather said that…Read More
Sergey Bondarev always knew he wanted to become a doctor—how he was going to get there was a little more challenging. “I was the…Read More
Jaclyn won a $1,000 scholarship from Hebrew Free Loan at the 2012 Israel in the Gardens event. Jaclyn applied this scholarship towards her education, which…Read More
Julia Ellis set her sights on a career of helping people. She had been working in the psychology field for years, and was intent…Read More