Education Loans

Hebrew Free Loan is proud to be able to help with all types of education expenses. Here are a list of education loans offered by Hebrew Free Loan Detroit.

William Davidson Jewish College Loan Program

Description: Thanks to the generous support of The William Davidson Foundation, WDJCLP provides interest-free loans to Jewish students across Michigan for study at accredited institutions located in Michigan. These loans can be used for full-time study at colleges, universities, and graduate schools that lead to an undergraduate or graduate degree. While a student is attending a program full-time, payments are $100 per year.  Monthly payments begin six months after the date of graduation and continue, on a graduated basis increasing over time, for ten years.

Maximum Loan Amount Available: $10,000 per year for undergraduate students and $15,000 per year for graduate students

Co-Signer Requirement: 2 qualifying Michigan co-signers (usually the student’s parents)

Personal Education Loans

Description: These education loans are available to help pay for college or professional courses, training, academic programs abroad and many other types of educational programs.  Monthly payments on these loans begin the month after loan disbursement. 

Maximum Loan Amount Available: $10,000 (graduate students in full-time programs at accredited universities in Michigan may be eligible for up to $15,000)

Co-Signer Requirement: 2 qualifying Michigan co-signers

Everyone at Hebrew Free Loan was incredibly kind, and now we have Pearl.

- Rachel and Aaron Schwartz, who received a personal loan from HFL to pay for in vitro fertilization.