ASME Foundation Loans
The ASME Foundation loan program offers a maximum loan amount of $5,000
These loans are interest free until graduation. They are granted at any time throughout the year. A recommendation is required by your engineering STEM Professors and we require one financially independent Guarantor as co-signer.
One recommendation required by your engineering STEM Professors and we require one financially independent Guarantor as co-signer.
To be considered for a loan, a student must satisfy the following criteria:
- Be an ASME Member or Student Member in good standing. The borrower must remain an ASME member or Student Member for the duration of the loan repayment period.
- Be a U.S. Citizen or permanent resident.
- Have a minimum GPA of 2.50 on a 0 to 4.00 scale
- Part-time and full-time students are eligible to apply
If a borrower was an ASME Student Section or ASME Professional Section member and remains continuously a member until the four-year anniversary of the borrower’s Start Date will be 100% relieved of the borrower’s repayment obligation. (see Foundation loan document for full details)
Download the ASME Foundation Loan application (Word .doc format)
For more information about the ASME Foundation, visit the ASME Foundation website.
Deadline: Applications are accepted all year.