Henry Strong Educational Foundation Funding Advantages
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Self Managed Funding
The Henry Strong Educational Foundation aims to enable you to lend Foundation funds to your students without many of the administrative burdens and headaches that often accompany student loan administration. The Foundation simply transfers a “pool” of cash to your school to fund student loans and you handle the rest. Your school administers its Strong Foundation loan portfolio and provides a simple annual accounting to the Foundation. As students pay your school back, those funds can revolve into new loans for additional students. Or, you may choose to request additional cash from the Foundation to fund more student loans. |
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Streamlined Acceptance
The Henry Strong Educational Foundation places your school in charge of lending decisions. This allows you to customize the loan acceptance requirements and process to fit your school’s approach to providing financial assistance to students. Within broad parameters outlined in the Foundation’s loan agreement, your school decides which students will receive loans from the Foundation, how much, and for how long. |
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Attractive Rates & Terms
The Henry Strong Educational Foundation establishes broad parameters which apply to the loans your school makes to students from the Foundation’s funds. For example, honoring the stated intentions of Henry Strong himself, loans are to be made only to those students who are obtaining a practical, literary, scientific, mechanical or business education. The Foundation provides your school with the flexibility to set loan interest rates on Foundation loans (subject to a minimum rate established by the Foundation) in order for you to be consistent with your broader student loan program. |
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Self Managed Funding
The Henry Strong Educational Foundation aims to enable you to lend Foundation funds to your students without many of the administrative burdens and headaches that often accompany student loan administration. The Foundation simply transfers a “pool” of cash to your school to fund student loans and you handle the rest. Your school administers its Strong Foundation loan portfolio and provides a simple annual accounting to the Foundation. As students pay your school back, those funds can revolve into new loans for additional students. Or, you may choose to request additional cash from the Foundation to fund more student loans. |
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Streamlined Acceptance
The Henry Strong Educational Foundation places your school in charge of lending decisions. This allows you to customize the loan acceptance requirements and process to fit your school’s approach to providing financial assistance to students. Within broad parameters outlined in the Foundation’s loan agreement, your school decides which students will receive loans from the Foundation, how much, and for how long. |
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|
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Attractive Rates & Terms
The Henry Strong Educational Foundation establishes broad parameters which apply to the loans your school makes to students from the Foundation’s funds. For example, honoring the stated intentions of Henry Strong himself, loans are to be made only to those students who are obtaining a practical, literary, scientific, mechanical or business education. The Foundation provides your school with the flexibility to set loan interest rates on Foundation loans (subject to a minimum rate established by the Foundation) in order for you to be consistent with your broader student loan program. |
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