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Washington and Lee University

Washington and Lee University

Student Loan Funds

The following University loan funds, in addition to the National Direct Student Loan Program, have been established at Washington and Lee and are governed in general by the same academic and conduct requirements as those specified for scholarships. Details concerning additional loan funds available to students in the School of Law may be found in the law catalog.

Students wishing to apply for loans should contact the Office of Financial Aid.

The James and Nan Farquhar Loan Fund was established in 1987 by James Farquhar of Fort Lauderdale, Florida, the father of James D. Farquhar ’63, and the grandfather of James Farquhar ’87.

The H. Reed Johnston Loan Fund was established in 1969 by H. Reed Johnston of New York City, Class of 1928, as an emergency fund to provide short-term loans to students who find themselves temporarily in need of funds during the course of the academic year.

The Eugene O. Peale and Mary Hogshead Peale Student Aid Fund was founded by Clifford McChesney Peale '19 and Mary Peale Schultz in memory of their beloved parents. This fund is to be used for the purpose of making loans to students attending the university. In selecting the recipients of such loans, the university shall give special consideration to the good moral character, financial need, and scholastic accomplishment of the recipient and that such loans be made without distinction as to sex, race, creed, or color.

The Vanita and Edward Surles Student Loan Endowment Fund was established in 2006 by R. Edward Surles, Class of 1938, to provide loans to students who need financial assistance to attend Washington and Lee University.  Recipients will be obligated to repay the loan over time according to normal University procedures by the Director of Financial Aid.  Mr. Surles could not have attended W&L without the financial assistance afforded him by the University; since which time he has felt such gratitude as to cause the establishment of this Fund.  His lifetime of hard work and sacrifice made this gift possible and has led to his belief that this form of assistance best aids development of responsibility for recipients in paying loans back and having the satisfaction of knowing that by so doing future applicants will receive necessary assistance as he/she received in years past.