Supporting Students with No-Interest Loans
Ellen Hyde graduated from the State Normal School at Framingham in 1862, taught in the school until 1875, and then became its principal until 1898. She was an inspiring teacher and a builder of character in her pupils. From her intimate knowledge of the struggle many students had to pay their way, she felt the need for a fund that could be used to help them. It was established in 1898.
The Ellen Hyde Fund
This interest-free loan fund is administered by a Board of Trustees, elected by the alumni members of the Independent Association of Framingham State Alumni, and used to assist undergraduate and graduate students of Framingham State University.
Applicants must have completed at least 4 course credits and have maintained a minimum QPA of 2.75. The maximum amount an undergraduate student can borrow from the fund is $3,000. Recipients must be full-time students when the approved amount of the loan is paid to Framingham State University. Graduate students may apply for up to $1,000. These payments are made directly to the university in full after Add/Drop Day in the fall or spring following approval.
Educational loans are made without interest. Repayment of the entire amount of the principal will be made on either completion or termination of undergraduate studies at Framingham State University, on a payment schedule of $50.00 a month (a minimum rate of $600.00 per year).
Having been the oldest of seven college-bound siblings, I am forever grateful to the Independent Association of Framingham State Alumni for the support offered me from the Ellen Hyde Fund. I served on their board as President. My goal is to share my enthusiasm about Framingham State and Consumer Science career opportunities with current and potential students, as well as to support the scholarship and loan programs offered by IAFSA.Nancy Hegarty Nelson, ’67 – IAFSA Ellen Hyde Loan Recipient
INSTRUCTIONS—In order to be considered, the following must be submitted with this application:
Personal Letter of Qualification, written by the applicant and including your academic goals; campus and community activities; honors and awards; financial needs; special considerations; information about other family members who have special financial needs; and your plans for the future.
One Letter of Recommendation, preferably from an FSU professor, advisor, or administrator.
Free Application for Federal Student Aid (FAFSA). This form is required whether or not you have submitted the application for federal financial assistance to the Federal Student Aid Programs Processing Center. If unavailable tax documents may be submitted.
The Independent Association of Framingham State Alumni maintains and promotes a policy of equal loan opportunity for all students regardless of race, color, sex, sexual orientation, religion, creed, disability, veteran status, age, national origin, or marital status.
Download an Application