Educational Loan Fund (ELF)
| 2025 Alabama Committee Members | ||
|
Adviser Cheryl (Chery) Williams, AG |
Chair Dawn Daly, E |
Member Shawnee Weigt, AE |
The P.E.O. Educational Loan Fund (ELF), established in 1907, makes loans available to qualified women who desire higher education and are in need of financial assistance. ELF is a loan fund dependent upon the financial support of P.E.O.s.
Donations to ELF allow the fund to grow and assist ever-increasing numbers of qualified women.
At Convention of International Chapter (CIC) in September this year, the P.E.O. Foundation Administrative Trustees announced that due to a robust ELF Fund, the ELF Project needs applicants!
Hear from a recent ELF recipient:
ELF Facts At A Glance
- 2% Interest
Four loan amounts:
- $12,000 – associate degree programs, technical or professional training, and post-graduate certifications
- $15,000 – bachelor’s degrees
- $20,000 – master’s degrees
- $25,000 – doctoral degrees
- 8 year payback on loans up to $20,000
- 10 year payback on loans over $20,000
- Repayment begins 6 months after stated graduation date or withdrawal from educational program
Important ELF Links
ELF Policies Governing Loans–Click here
Chapter Procedure for Sponsoring an ELF Applicant–Click here
Summary of Interview and Recommendation of an ELF Applicant –Click here
Instructions for the Online Recommendation Form–Click here
Want to know more? ELF–International Portal—Click here