Eligibility Criteria:
- Eligible individuals are Haverford graduates who had a standard loan expectation as part of their financial aid package. The “standard loan expectation” is based on family income level and is part of the self-help portion of a student’s financial aid award. All eligible graduates are notified by the College in the fall.
- Applicants must be in good standing with, and have active responsibility for making payments on, their eligible student loan(s) during the program year ((July 1, 2024 - June 30, 2025)), i.e. the applicant's payments toward their eligible student loan(s) may not be deferred due to enrollment in graduate school, armed services, Teach for America, or participation in any other student loan debt deferral option.
- Applicants must meet at least one of the following criteria:
- Low income trajectory due to choice of profession; and/or
- Facing difficulty pursuing their intended professional goals because of financial hardship; and/or
- Unemployed.
Additional Information:
Eligible Haverford graduates may apply to the program for student loan debt relief after they graduate and for five (5) years total. They may receive up to three (3) awards through the Haverford Student Loan Debt Relief program.
Only loan amounts up to an applicant’s total standard loan expectation and used for their Haverford education are eligible for relief through the Haverford Student Loan Debt Relief program. Loans exceeding an applicant’s standard loan expectation are not covered. Haverford will refer to original financial aid records to verify the standard loan expectation assigned to each applicant as part of their Haverford financial aid package.
Successful applicants receive debt relief support in the form of a single payment. The Haverford Student Loan Debt Relief fund wishes to support graduates working toward their professional goals and in no way represents a legal obligation on the part of Haverford or the Jaharis Family Foundation.Borrowers are ultimately responsible for all of their loans.
The Haverford Student Loan Debt Relief program provides debt relief support up to the limit of the available annual income from the endowed fund established for this purpose. An Award Committee appointed by the President of the College reviews the applications and recommends awards. Priority is given to recent graduates as they establish themselves in their chosen careers.
For tax purposes, the College will provide recipients with the appropriate form for miscellaneous income for individual tax filing requirements. Recipients are encouraged to consult with a qualified tax advisor for specific guidance.