Carrie Welch Loan

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The Carrie Welch Loan is a low-interest loan available to Washington state undergraduate students who demonstrate high financial need. Gonzaga has partnered with Campus Partners to service this loan and documentation can be found on their website.

Carrie Welch Loan Details
Lender: Gonzaga University
Awarded to: Undergraduates; Washington state residents only
Yearly eligibility for undergraduates (estimated): Up to $4000
Current interest rate: 5% fixed
Net fee per disbursement: 0%
Grace period: 9 months
Repayment: $50/month minimum; 10 year repayment period


The following should only be completed if you have received correspondence through ZagMail that it is required
Promissory Note Required
Entrance Counseling
Required
Application Required
Truth In Lending disclosure Required
Private Loan Self-Certification Form Required

Loan Deferment, Consolidation, and Cancellation:

The Carrie Welch loan cannot be consolidated with other federal loans. Borrowers are eligible for the following deferment types if they qualify:


In school deferment (attending at least half time)
  • No interest accrues
  • Qualifies for a new 6-month grace period after
Forbearance (up to 12 months at a time, 3 year maximum)
  • Interest accrues
  • Does not qualify for new grace period
Unemployment ( up to 6 months at a time, 3 year maximum
  • No interest accrues
  • Qualifies for a new 6 month grace period after.
Economic Hardship (up to 6 months at a time, 3 year maximum
  • No interest accrues
  • Qualifies for a new 6 month grace period after.
Special Billing (reduce monthly payments for up to one year at a time)
  • Total repayment cannot exceed 10 years.

Deferment forms are available on the Campus Partners website.

If you currently have a Carrie Welch loan in repayment please visit www.mycampusloan.com or call 800-334-8609.

Promissory Note

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