I’ve Applied…What Now?

I’ve Applied For A Rotary Student Loan.

What Now?

First Time Student Loan Applicants:

If you submitted your application on time and with all of the required forms, you should receive email notification that your application appears to be complete sometime during the 1st week of June.  (If you included a stamped self-addressed envelope, you will receive notification of your application status sooner.)  Your email will include a sample promissory note so you and your co-borrowers may familiarize yourselves with it.  It may also note specific dates that you and your co-borrowers must meet at the stated location to execute the promissory note.  Several dates during the last 2 weeks of June are usually set aside to meet with students and co-borrowers to execute the promissory note.  You will have the opportunity to ask the Loan Fund Administrator any questions about the note and payment requirements.  All parties to the contract will need to bring a legal photo ID and Social Security card before any checks are released.

 

Re-applying Student Loan Applicants (Co-borrowers same as last year):

If you submitted your application on time and with all of the required forms, you should receive email notification that your application appears to be complete sometime during the 1st week of June.  (If you included a stamped self-addressed envelope, you will receive notification of your application status sooner.)  Your letter will include your promissory note and the dates that the Loan Fund administrator will be available at the stated location.  You may have signatures of all parties to the contract notarized at your convenience.  You may send a self-addressed, stamped envelope along with your completed promissory note, spring grades (must show classes taken and cumulative GPA) and all interest due.  We will then mail your check to you in the self-addressed stamped envelope you provided.  If you prefer, you may have the Loan Fund Administrator notarize your signature(s) and/or pick up the check in person, at the stated location.  The Loan Fund Administrator will only notarize the signature of those parties to the contract that appear before her in person and have legal photo ID present.

 

Re-applying Student Loan Applicants With Different Co-borrowers Than Previous Years:

Any change in co-borrowers requires that the new co-borrower appear in person during the stated dates and times in the letter of notification and must bring legal photo ID and Social Security cards, before checks may be released.  All other requirements above must also be met before checks can be released.

 

Co-borrowers:

Please be aware that you may not co-borrow additional funds for any student if you are party to any contract with the Rotary Student Loan Fund that is not in a satisfactory status.

 

DATES AND LOCATION FOR THE CURRENT YEAR HAVE NOT YET BEEN SET, BUT THE DATES WILL BE SIMILAR TO THE DATES BELOW.  DATES FOR THE CURRENT YEAR TENTATIVELY BEGIN THE THIRD WEEK OF  JUNE AND RUN THOUGH THE LAST BUSINESS DAY IN JUNE!  IF NECESSARY, THERE MAY BE ONE ADDITIONAL DAY THE 2ND WEEK IN JULY.  CHECK YOUR EMAIL OR LETTER NOTIFICATION FOR SPECIFIC DATES AND TIMES.

SAMPLE HOURS

Please plan to sign your note and pick up your check at a predetermined location (usuallyHoward Construction Company, 1452 S. Aspen St.,) Lincolnton, North Carolina, during the dates and times you received in your notification email or letter.  Please check the times carefully.  My office is not located at the location specified for pick up.  I am only there during the dates specified in your email or letter you received!

*  2:00pm – 5:30pm
*  2:00pm – 4:00pm
*  7:30am – 12:00noon & 3:00pm – 6:00pm
*  7:30am – 1:00pm & 3:00pm – 6:00pm
* 7:00am – 12:30pm & 2:30pm – 4:30pm

 

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The Lincoln County Rotary Student Loan Fund is a nonprofit 501(c)(3) organization
Nonprofit tax ID # is 56-2071604
Post Office Box 682
Lincolnton, North Carolina 28093-0682
NC Charitable Solicitation License No.: SL005190