Loan Description: Education Loan

Address the gap that is often needed in order to pursue undergraduate, graduate, vocational and technical schools. This burden often comes between the student attending or finishing their education. These loans are need-based.


  • Applicant or co-signer must live in the 8 county service area (Cuyahoga, Geauga, Lake, Lorain, Mahoning, Medina, Portage, Summit, and Trumbull).
  • All Pell grants and subsidized and unsubsidized loans available to the student must be utilized first.
  • Education Loans can be used for
    • Traditional 2 and 4-year degrees
    • Graduate and post-graduate studies
    • Certification programs (i.e. CDL classes, plumbing, welding)
    • Trade school tuition (i.e. coding boot camps and other accredited “short-term” programs)
    • Study abroad programs

Important things to know:

  • Loans are need based, not merit based.
  • For 2 and 4-year degrees, and applicant may apply for a loan up to $5,000 per school year with $20,000 maximum over the entire time the student is enrolled in school.
  • For programs with a duration of 1 year or less or for graduate degrees, an applicant may apply for a loan of up to $10,000.
  • While enrolled in school, payments are $100 per month starting 30 days after the loan disbursal as long as long as the student is enrolled full-time. Once this status changes, the loan terms convert to a regular loan and HFLA regular repayment terms apply.
  • The student is required to submit proof of enrollment status annually.
  • Upon approval, checks are typically made out directly to the school.

Learn more: How to Apply

Download the application below. 

Education Loan Application

If you are applying for undergraduate school or a technical or vocational school, download the Education Loan Application above.

Graduate Loan Application

If you are applying to graduate school, download the Graduate Loan Application above. 

Featured image: Education Loan-Recipient, Jeremy; Owner of Larder Delicatessen