MOAA Offers Interest-Free Loans and Grants for Undergraduate Study

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More than 1,700 students, sons and daughters of military members who are currently or formerly serving, received up to $5,500 each in interest-free loans or grants from the Military Officers Association of America (MOAA) Scholarship Fund for the 2011-12 school year. Of those students, 600 were first-time recipients.

As 2011 comes to a close, a tax-deductible donation can show deep appreciation of our military personnel and ensure children from military families continue to receive the financial assistance they need to become successful citizens of this great nation.

More than 1,700 students, sons and daughters of military members who are currently or formerly serving, received up to $5,500 each in interest-free loans or grants from the Military Officers Association of America (MOAA) Scholarship Fund for the 2011-12 school year. Of those students, 600 were first-time recipients.

The MOAA Scholarship Fund was established in 1948 to provide educational assistance for children of military families. The MOAA Educational Assistance online-only application for the 2012-13 school year is now available on MOAA’s website at http://www.moaa.org/education. Eligibility guidelines include:

  •     Students under age 24, who are children of active duty, retired, National Guard, Reserve, and former officers and children of active duty or retired enlisted military personnel are eligible to apply. If a child served in a uniformed service before completing college, however, his or her maximum age for eligibility will be increased by the number of years he or she served, up to five years.
  •     Graduating high school seniors or full-time college students working toward their first undergraduate degree.
  •     Students with a GPA of 3.0 or higher on a 4.0 scale are selected on the basis of their scholastic ability, activities, and financial need.
  •     Loans and grants are awarded annually for up to five years of undergraduate study (or until a student graduates). Students may apply online beginning Nov. 1, 2011. The application deadline is noon EST, March 1, 2012.

The MOAA Scholarship Fund is based on one of the association's founding principles, that education is the cornerstone of a strong democracy. For more than 63 years, it has provided interest-free loans totaling more than $90 million to more than 11,600 students. The fund is supported by donations and bequests from MOAA members, chapters, corporations, and others.

“I am extremely concerned by the current economic environment,” Vice Adm. Norb R. Ryan, Jr., president of MOAA, said. “As the number of applications we receive for our educational assistance continues to increase, so does the cost of a college education. MOAA helps to sustain this first-class educational assistance program for thousands of military children in 2012 and beyond.

“As 2011 comes to a close, a tax-deductible donation can show deep appreciation of our military personnel and ensure children from military families continue to receive the financial assistance they need to become successful citizens of this great nation,” Ryan concluded.

For more information about the application or to make a contribution to the Scholarship Fund, please visit MOAA’s website at http://www.moaa.org/scholarshipfund/ or email edassist(at)MOAA(dot)org.

Faces of Scholarship:
Students write about how MOAA's Educational Assistance changed their life.

About MOAA:
Military Officers Association of America (MOAA) is the nation’s largest officers association with 370,000 members from every branch of service, including active duty, retired, National Guard, Reserve, and former officers and their families and survivors. MOAA is a nonprofit and politically nonpartisan organization and an influential force in promoting a strong national defense. MOAA represents the interests of service members and their families in every stage of their lives and careers, and for those who are not eligible to join MOAA, Voices for America’s Troops is a nonprofit MOAA affiliate that supports a strong national defense. For more information, visit http://www.moaa.org.

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