Mary E. McGarry Student Loan Fund

Through a generous gift from the estate of Mary E. McGarry, the Fresno State Foundation holds an endowment that is dedicated to providing student loans to financially needy, full-time Fresno State undergraduate or graduate students majoring in a field within either the Jordan College of Agricultural Sciences and Technology, or the Craig School of Business.

In order to be considered for a Mary E. McGarry student loan, you must first fill out and submit online a FAFSA (Free Application for Federal Student Aid) form by the deadline date for the McGarry loan application form.  In addition, you must fill out a Mary E. McGarry loan application form. 

Link: McGarry Loan Application Form

The deadline for completing the FAFSA form and submitting this application to the Financial Aid Office is  October 7, 2011 if you are requesting a loan for the 2011-2012 academic year or just the Fall 2011 semester, and  December 15, 2011 if you are requesting a loan for just the Spring, 2012 semester. You must be enrolled in a minimum of twelve (12) units as an undergraduate student or eight (8) units of 200 series classes as a graduate student, before submitting your Mary E. McGarry loan application to the Financial Aid Office.

The interest rate for a Mary E. McGarry student loan is five percent (5%) simple interest.  The maximum amount that a student may borrow is Four Thousand Dollars ($4,000) per year ($2,000 per semester) for a maximum allowable cumulative amount of Sixteen Thousand Dollars ($16,000).  All loan proceeds and accrued interest shall be fully due and payable no later than five (5) years after you cease to be enrolled as a full-time student at Fresno State.