In order to start the China Entrepreneurial Loan Forgiveness application process, submit the required application materials to the Stanford GSB Financial Aid Office.
If the submitted materials are accurate and complete, then the Financial Aid Office will process your application. Be advised that supplemental information may be required and will be determined on a case-by-case basis.
If an applicant is eligible for program funds, the Financial Aid Office will email an award letter and promissory note that indicates how much you are eligible to receive in these funds. The award letter will state how much you are eligible to receive in the annual award disbursement.
Eligibility will begin on the first date of the month in which the Financial Aid Office receives the completed loan forgiveness application and additional required materials. An initial applicant may not request payments on his/her educational loans prior to submitting the application materials.
The acknowledgement/acceptance letter will be based on the amount the applicant receives for the award disbursement. In the email, applicants are requested to sign and return the acknowledgement/acceptance letter to the Financial Aid Office. A legible fax or scanned signature copy of the letter would be acceptable. Upon request, applicants may be contacted by Stanford GSB Development Office to write a thank you letter to the donor on an annual basis.
Once we receive an applicant’s acknowledgement/acceptance letter in the mail, it typically takes two weeks thereafter to send the award disbursement in the form of a check payment. It is then the applicant’s responsibility to pay, in a timely manner, the lender or servicer that holds their Stanford GSB loans. Applicants residing in an international location will need to consider how to deposit and remit loan payments from their loan forgiveness award to their lender(s) in a timely manner.
Typically, the process takes four to five weeks from the receipt of the China Entrepreneur Loan Forgiveness Program application documents to the time in which an applicant will receive the check payment. Applicants should be reminded to continue to make required loan payments during the application process.