We are pleased to announce that Dean Minow has extended the summer loan program for SPIF recipients. Each confirmed SPIF recipient will be eligible to request and receive $1,200 to cover work beyond the 8 weeks covered by SPIF. The SPIF loan program is guaranteed only for the summer of 2014.
SPIF loans will be interest-free until repayment and have an interest rate of 5% during repayment. All SPIF loans will be eligible for LIPP assistance. Students will be able to request a SPIF loan in April and will receive the loan funds in early May. Details about requesting and receiving a SPIF loan will be sent directly to SPIF recipients in early April.