Student Loan Payments & Correspondence

Yes! We have been providing 100% interest-free loans to students since 2000. Our loans are administered by Private Foundation Services, Inc., in partnership with the Bank of Texas, Trustee of the Evalee C. Schwarz Charitable Trust for Education.

Yes! Every loan through the Evalee C. Schwarz Charitable Trust for Education is 100% interest-free for the full repayment term.

Applications for the 2026–2027 academic year open January 1st, and must be postmarked by April 10th. Please see our Private Student Loan Application Process for more details.

Undergraduate (including high school seniors) and graduate students who are U.S. citizens, show financial need, and demonstrate strong academic performance may apply. (Law students are not eligible.) Please see our Private Student Loan Application Process for more details on credentials.

Unlike most other loans, funds from the Evalee C. Schwarz Charitable Trust for Education are paid directly to the student, allowing more flexibility for expenses such as housing, food, laptop computers, etc. 

Funds are disbursed directly to students and can be used for tuition, books, housing, technology, or other educational expenses.

Students may apply for the loan between January 1^st and April 10^th. Loan decisions are made at the annual meeting in June. Payment is issued by check, and is generally received by the student within 3 weeks of receipt of their signed loan documents. Repayment commences one year after the student graduates or discontinues attending school.

With an application deadline of April 10th, students will be notified after a decision is made by the Loan Team in June. Please see our Private Student Loan Application Process for more details on credentials.

Loans range from $5,000–$20,000 per year, with a lifetime maximum of $80,000 per student.

Payment is issued by check, and is generally received by the student within 3 weeks of receipt of their signed loan documents.

Yes, the maximum loan amount under the Trust per year is $20,000. The lifetime cap is $80,000.

Yes, but the renewal application process is streamlined for returning applicants. 

Federal loans are from the government. The Evalee C. Schwarz Charitable loan is a private loan established under a charitable trust and operates under its own rules as set out in the trust indenture. 

Our loans are administered by Private Foundation Services, Inc., in partnership with the Bank of Texas, Trustee of the Evalee C. Schwarz Charitable Trust for Education.