The Milling Foundation is providing low-interest and even interest-free loans to graduates of Marion County schools who are attending the University of Florida.
Loans are available for four years to students pursuing bachelor’s degrees, and students can borrow up to $30,000 over four years. Loan amounts are based on resources available and financial need.
This year’s application deadline is Friday, March 18. Award recipients will be notified after the Milling Foundation board meeting in April.
The Milling Foundation is a trust fund specifically designated for graduates of Marion County schools attending the University of Florida. The Marion County Superintendent of Schools’ designee and Marion County public high school principals serve as members of the foundation’s board of directors, and they determine loan amounts on a case-by-case basis.
Students can use their loans for tuition along with other educational and college living expenses. As long as students are enrolled at the University of Florida, no interest is charged on the loan. Loans may even be interest-free for students moving back to Marion County after college graduation.
Applications are available in Guidance departments at each local high school. For more information, contact the Milling Foundation at 352-840-3269.