hebrew free loan student loan living expense tuition


Interest-free loans up to $10,000/year for undergraduate, graduate & vocational students

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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.]

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