Yeknik Student Loans
The Yeknik Student Loan Fund is endowed by Wayne M. and Nancy Yeknik. It is an institutional loan awarded to students who:
- Are sophomores, juniors and seniors
- Have a cumulative 3.0 QPA
- Have financial need
Awarded amounts are between $2,500 and $5,000. Borrower benefits include:
- 4.0% fixed interest rate
- Repayment begins 6-months after the student ceases to be enrolled on a half-time basis while enrolled as an undergraduate at CMU (i.e., if the student graduates from CMU and then immediately goes to graduate school, then the student will enter grace 6 months after they graduate or cease half-time attendance at CMU)
- 5-year repayment schedule