01/20/2026
We talk about a little-known college financing option in New York: the College Loan Program from the Hebrew Free Loan Society. This program offers eligible families up to $7,500 per year with zero interest for up to four years. We break down the requirements, including living in NYC, Long Island, or Westchester, meeting income guidelines, and completing the FAFSA first. We explain how repayment works—a simple $300 monthly payment for 25 months with no compounding interest—and discuss what you need to qualify, including a guarantor. This could be a game-changer for families struggling with college costs.