About the Loans:
- A maximum of $12,000 to undergraduate students
- A maximum of $18,000 to graduate students (amount includes
any undergraduate Gibson Foundation loans)
- 2% annual interest until one year after graduation when it
increases to 5%
- Regular principal payments begin one year after graduation
- Loans are made at the sole discretion of the Trustees who
carefully consider each applicant's character, reputation, academic record and sense of
responsibility.
Eligibility
Criteria:
- Family home is located
in western Pennsylvania (long-term residency required)
- Currently enrolled as a full-time student in a
baccalaureate (BS/BA), or graduate degree program
- At least one full-time year of studies in current degree
program completed within the past four months
- Good academic standing (minimum 2.8 G.P.A. cumulative and for the most recent two semesters)
- Able to demonstrate financial need
- Existing debt must fall within established
Foundation parameters. Please be prepared to disclose cumulative credit card and educational debt amounts (for
undergraduate and graduate school) before contacting Lynn Dunbar.
- Part-time students, those who have taken a semester (or
longer) off, and students who have recently transferred must complete one full-time year
before becoming eligible for this program.
The Foundation does not accept
applications from:
- Weekend college, distance learning or degree completion program participants
- Students with a recent history of poor credit
To Apply:
Contact Lynn Dunbar
via email (ldunbar@gibson-fnd.org)
or by telephone at (412) 261-1611
to verify eligibility and schedule an interview. Interviews are conducted at the
Foundation office in downtown Pittsburgh. Applications may only be obtained during a scheduled interview.
They are not available through the mail or on the Internet.
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