Summer and fall 2006 loan applications due
April 15

The application for 2006 summer and fall semester ASME student loans will be available on the ASME.ORG Web site beginning Feb. 15. ASME must receive the applications by mail no later than April 15.

The ASME Student Loan Fund has awarded low-interest student loans to more than 1,000 ASME student members. The Fund, which was started by a grant from the ASME Board of Governors, is sustained as student members repay their loans after they graduate.

The current fixed-rate ASME student loan rate is a low 4.3 percent — 1 percent lower than the Federal Stafford Loan variable rate.

Qualified full-time undergraduate students in the United States, Canada, and Mexico may borrow up to $3,000 per academic year to a maximum of $9,000. Full-time graduate students may request an additional $3,000.

Although the application form is available online, applications will not be accepted electronically. Completed application forms must be mailed to ASME Headquarters in New York by April 15. All applicants will be notified of results between May 15 and May 30.

For more information on ASME Student Loans, contact Maisha Phillips, (212) 591-8131, phillipsm@asme.org, or visit www.asme.org/Education/FinancialAid/Loans/
Student_Loan_Funds.cfm.

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