<St. Louis>, <Missouri>, <September 18, 2008> - The Scholarship Foundation of St. Louis announced today that interest-free loans totaling more than $3.2 million were granted to 700 students for the 2008-09 term. Repayment of the interest-free loans will be spread over a five-year period following a one-year grace period post-graduation. With educational costs rising and recent uncertainty in loan markets, these loans are a determining factor for many when deciding whether or not to pursue higher education.  Applications are currently being accepted through November 17, 2008 to fund the spring semester 2009. For additional information, please call our the Foundation office at 314-725-7990 or visit www.sfstl.org.

ABOUT THE SCHOLARSHIP FOUNDATION OF ST. LOUIS - The Scholarship Foundation of St. Louis, a nonprofit organization founded in 1920, is based upon the conviction that an educated citizenry is essential to a democracy. The Scholarship Foundation provides access to post-secondary education to members of our community who otherwise would not have the financial means to fulfill their educational goals. Two ScholarShop (upscale resale) locations help support funding for the students.