Eligibility Requirements

Residency

• Applicant must reside in the Commonwealth

Graduation

• Graduate as an undergraduate from a public institution of higher education in the Commonwealth on or after December 1, 2007
• Obtain a degree in a STEM field
• Complete degree program within 3 years of reaching junior-year standing

Employment Requirements

• Applicants must have completed at least 1 year of full time employment in a STEM field within the Commonwealth
• Annual income cannot exceed $65,000 for a single filer and $80,000 per year for joint filers

Loans

• Amount granted will be applied to principal of loan
• Applicant will need to provide a loan statement document that contains the following information:
  • • Loan balance
    • Account number
    • Payments are current
    • Address to which payment should be sent
• Please note: Credit card loans and loans made by family members are not eligible.