Education loan recipient selection - private foundations


Selection of loan recipients must be based only upon substantial objective standards that are completely unrelated to the employment of the recipients or their parents and to the employer's line of business. Such standards may include:

  • past academic performance
  • performance on tests designed to measure ability and aptitude for higher education
  • recommendations from instructors or other individuals not related to the potential awardees
  • financial need
  • conclusions drawn from personal interviews as to motivation and character