The P.E.O. Educational Loan Fund (ELF) is a loan fund established in 1907 to lend money to qualified women students to assist them in securing a higher education. The maximum loan amounts are:

• $12,000 for an accredited non-degree program or an associate degree
• $15,000 for bachelor’s degree programs
• $20,000 for master’s degree programs
• $25,000 for doctoral degree programs

ELF Facts (at January 2025):

• Applicants are recommended by a local chapter of the P.E.O. Sisterhood
• Women in a wide variety of programs and degrees are eligible
• 2 percent interest rate
• No origination fee

Additional information about the P.E.O. Education Loan Fund is available on the P.E.O. International website.