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| Rotary Club of Davenport, Educational Loans |
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Amount of Grant: $2,000 loans per year-max of $8,000 loans per stud
Number Offered Each Year:
Deadline: June 15 for fall semester, October 15 for spring semester
Need Basis: Yes
Qualifications: Members of the immediate families of the Rotary Club of Davenport and Community Foundation of the Great River Bend Board or staff shall not be eligible to apply for loans from the Davenport Rotary Funds. Loans are available up to $2,000 per year per student up to maximum of $8,000. A 1% annual interest is paid semi-annually while in school, There will be a seven-year repayment period. An interest rate of 7% will be collected when the student is out of school. A Promissory Note is to be signed by the student and a guarantor of the note. he loan can be renewed for each of the four years to recipients maintaining a minimum grade point average of 3.00 (4.00 = A) and completing a minimum of 24 credit hours each academic year. To show eligibility for renewal of the loan, an annual grade report of recipient’s progress must be submitted by the recipient. This will be considered an application and will be submitted to the Scholarship Committee with other applications.
Obligations: Must maintain good grades, application promissory note w/cosigner for renewal: new application and updated transcripts annually
Contact person:
Community Foundation of the Great River Bend
111 E Third, Ste 710
Davenport , IA 52801
563-326-2840
The Rotary Club of Davenport, formed in 1922, is an organization of business and professional leaders united to provide humanitarian service, encourage high ethical standards in all vocations, and help build goodwill and peace in the local community and around the world. The club contributes time and talent to many local and international projects.
The Davenport Iowa Rotary Club is an international service club and, as part of Rotary International, joins a network of 30,000 Rotary Clubs in nearly every country in the world. There is a strong influence in the club to provide service to local youth. The Davenport Rotary Club awarded one of the largest groups of scholarships in the Quad City area this year, which will help many youth attend various institutions of higher learning. Members of the Davenport Rotary Club have also made contributions to organizations including the Center for Active Seniors of Iowa Inc., which improves the quality of life for Scott County senior citizens, D.A.R.E. to keep kids off drugs, and Tornado Relief.
International projects help countries such as India and Guatemala by providing manpower, supplies, and money. Guatemala has been a country in conflict for the past four decades. Civil war rages between the government and wealthy landowners and the primarily poor indigenous Indians. Although peace accords were implemented in 1996 an end has not come to the long and extensive human rights violations. District 6000 has had a long commendable record of bringing humanitarians to help the needs of the people in Guatemala. School equipment was furnished and Davenport Rotarians traveled first hand, with Adopt-A-Village-In-Guatemala, to visit the oppressed indigenous Mayan Indians.
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