Loan Reduction Fund for Graduating Seniors
Up to $1,600 (from the final year’s allocation) is to used for the sole purpose of reducing each Bonner Scholar’s total educational loan indebtedness at the time of graduation
To be eligible for the Loan Reduction Award, graduating Bonner Scholars must have met the following requirements:
Students who graduate with no educational loans will be allowed to use their loan reduction funds towards graduate school. This option must be used within seven years of graduation.
The Loan Reduction Fund should be disbursed through a college check to the lender or graduate school on behalf of the student.