A woman is eligible to receive consideration for an ELF loan if she:

  • is recommended by a local chapter of the P.E.O. Sisterhood
  • is a citizen or legal permanent resident of the United States or Canada and resides in the United States or Canada
  • is enrolled in an accredited U.S. or Canada postsecondary institution
  • is a high school graduate or equivalent
  • meets the minimum credit score of 625
  • does not exceed the indebtedness limit for her degree level
  • has two qualified cosigners with minimum credit scores of 650

And, at the time the loan is drawn, she must be:

  • enrolled in an accredited school in the United States or Canada
  • within two years, but not less than four months, of completing her course of study

Additionally, no installment may be drawn by a first-year student in a two-year program until she has satisfactorily completed at least one semester, trimester or quarter of college work or a grading period in a non-collegiate program.

Chapter Recommendation

When a local chapter becomes aware of a student's interest, the chapter's P.E.O. Educational Loan Fund chairman will arrange an interview with her. If the chapter votes to recommend the student for a loan, the chapter chairman will complete and submit the online Chapter Recommendation Form and attach a chapter letter of recommendation to the P.E.O. Executive Office to initiate the loan procedure.

Student Application

  • A chapter recommendation must be submitted early enough to allow the student to receive, complete and submit her application to the P.E.O. Executive Office at least six months prior to her graduation or course completion date.
  • An online application will be sent to the student from the P.E.O. Executive Office. When completed, the application file will be released to the trustees for review. The average processing time is eight to 12 weeks, provided all requirements are promptly met.
  • The chapter and student will be notified of the trustees' decision regarding the loan application.

ELF Documents

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