Bigelow

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

Bigelow Loan Details

Lender: Gonzaga University
Awarded to: Undergraduates
Yearly eligibility for undergraduates (estimated): Up to $5000
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 NoteRequired
Entrance CounselingRequired
ApplicationRequired
Truth In Lending disclosureRequired
Private Loan Self-Certification formRequired

Loan Deferment, Consolidation, and Cancellation:
 The Bigelow 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.

If you currently have a Bigelow loan in repayment please visit the website here.