This need- and merit-based scholarship is available to children of military families pursuing their first undergraduate degree. MOAA reviews applications based on your academic record, extracurriculars and financial need.
If you qualify, you can renew the loan for up to five years, as long as you’re registered as a full-time student. Unlike some other interest-free loan programs, you can apply and repay your loan online. Renewal also doesn’t require a full application – you just need to upload your transcript and submit a renewal form online.
5. Evalee C. Schwarz Charitable Trust for Education
This merit- and need-based loan is one of the few available to both undergraduate and graduate students. But eligibility requirements can be hard to meet: You must have a high class ranking and be in the top 15% of nationwide standardized tests. Your family also can’t be expected to contribute more than $5,486 after completing the FAFSA – meaning you must complete the FAFSA before you can apply for this loan.