The Scholarship Foundation

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Repayment

Think of repayment as a form of recycling. The money that you repay will be used by the Foundation to help another student achieve his or her educational goals. It is in everyone's best interest for repayment to be as straightforward and stress-free as possible.

Repayment on Scholarship Foundation interest-free loans starts after a conditional one-year grace period following graduation, and is spread out over a five year period. Monthly payments are due on the 15th of each month and remain interest-free and fee-free throughout repayment. The Scholarship Foundation notifies graduates when payments are expected to begin, offering several convenient options:

ACH

For those who are employed with a stable income, automated withdrawal (ACH) is the best choice. Simply download our Authorization Form for Direct Payments and sign and return it to our office. Payments are then automatically deducted monthly at no additional cost. Most financial institutions also provide automated bill pay services, but often fees are charged.

Online Payments

Payment may be made through our website using any major credit or debit card by clicking here. Responsible use of credit cards can be a good way for a new graduate to build up a credit score, but caution is warranted! Finance charges on credit cards can be an expensive form of debt for consumers.

A 4-digit Scholarship Foundation student ID number is required to make a payment online. A graduate who do not know his or her unique student ID number may contact us to request it by clicking here.

Check or Money Order

Graduates and current students are always welcome to visit the Foundation office to drop off a check and share stories about successes in school, but for those who find the location inconvenient, it is always possible to mail a check or money order. Payments are processed within five business days of receipt. Cash should never be mailed. Checks should be made out to The Scholarship Foundation of St. Louis and sent to:

The Scholarship Foundation of St. Louis
8215 Clayton Road
St. Louis, Missouri 63117

Other Options

Those finding themselves in situations where repayment becomes temporarily difficult to maintain should contact the Foundation immediately. The Scholarship Foundation can help. The Foundation recognizes a number of extenuating circumstances that could result in reduction or temporary deferment of monthly payments. Please download the Foundation's Repayment Assessment Form (RAF) and submit the completed form to Thurman Young, Director of Student Accounts, by one of the following methods:

Email: Thurman@sfstl.org

Mail: ATTN: Thurman Young
         The Scholarship Foundation of St. Louis
         8215 Clayton Road
         St. Louis, Missouri 63117

Fax: (314) 725-5231