Red Rock Central Student Honor Loan Chapter
History: The Student Honor Loan Chapter originally began over 35 years ago as a Dollars for Scholars chapter. During this time, Frederick Sahr, a 1927 graduate of Lamberton High School, donated additional funds to assist future graduates. Since the beginning, 400+ graduates have been awarded over $170,000 in loans and scholarships. Over $100,000 has been paid back into the fund, which allows future graduates the same opportunity.
Mission: Assist Red Rock Central graduates with financing post-secondary education.
Funds: The Student Honor Loan is funded by donors – individuals and businesses in the local area, former graduates, and by the repayment of loans that are awarded to students.
How it works: Graduates are awarded an interest-free loan. Parents/students sign a repayment agreement that the money will be repaid once the student enters the workforce. Monthly payments are acceptable.
If a student is awarded an honor loan, they are also then eligible for another loan once they are in their 3rd year of college. Students must have completed 5 semesters, and be enrolled for the 6th semester before requesting additional funds.
The amount that is awarded to students each year depends on a number of factors, including the number of honor loan requests, and the financial status of the Student Honor Loan accounts.
Claiming Your Scholarship: Specific instructions were included on the back of your award certificate. Please refer to them for information on how to claim your scholarship and/or loan. Please mail all documents to:
Student Honor Loan Chapter
100 6th Avenue East
Lamberton, MN 56152