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Looking for an education loan? If you belong to one of these groups, you can apply to get one!
   
Demolay Jobes Daughters Master Masons Rainbow Girls
HISTORY The ENSIGN JOSEPH SHERWOOD MA YO DEMOLA Y LOAN FUND was started by Past State High Twelve President Frank V. Mayo and his wife, of Stockton, as an irrevocable trust fund in memory of their son, who was killed in an airplane accident on December 21, 1945. He attended Annapolis as a cadet for two years, resigned to enter the Navy Air Force at Pensacola, Florida. Upon graduation with the rank of Ensign, he was granted a furlough so that he could visit his parents in California for Christmas. With five others he perished in a crash in dense fog near Escondido. He was a member of Stockton Chapter, Order of DeMolay and of Delta Lodge No. 471, Morning Star Lodge No. 68, F. & A.M. in Stockton.
THE LOANS Since 1953 the ENSIGN JOSEPH SHERWOOD MAYO DEMOLAY LOAN FUND has helped worthy DeMolay, Job's Daughters, Rainbow Girls and Master Masons achieve an education of their choice in California which through lack of funds would not otherwise be available. Maximum loans are determined each year by the Board of Trustees. Loans are repayable without interest, following any termination of their College education or five (5) years whichever comes first, on scheduled, reasonable terms. At present, the maximum loans are for five (5) years. These Non-interest bearing loans of up to $3,000 per year are subject to change.
Over 1,500 DeMolays, Jobs Daughters and Rainbow Girls have availed themselves of their help. Over 165 young people are now in College in part to these loans.
CONTRIBUTIONS We urge you to join with those whose contributions, large and small, have built the ENSIGN MAYO STUDENT LOAN FUND to the level whereby a number of annual loans are available to these youths. Donations to the Loan Fund are fully tax deductible and will be acknowledged.
Make checks payable to:
ENSIGN MAYO HIGH TWELVE LOAN FUND
Mail to:
8884 Warner Ave, Box 176 Fountain Valley, CA 92708
ELIGIBILITY Applicant must be an Active or Senior DeMolay, Jobs Daughter, Rainbow Girl or a Master Mason enrolled in full-time college with a 2.75 or better Grade Point Average. For trade schools a 2.5 GPA will be considered.
The requirements for borrowing are identical for all youth and require that the applicant have the endorsement of a High Twelve Club and Chapter , Bethel, Assembly or Lodge. Two letters of recommendation, Official Grade Transcripts, proof of enrollment and a photo of the applicant; should all accompany the application. The application must be submitted prior to the deadlines and there are NO EXCEPTIONS.
Designated Advisory Trustees will then process the application and assist the applicant when necessary. The application is then forwarded to the Area Chairman for approval and submission to the Loan Fund .Secretary for final Board action. A loan may only be
finalized after approved and a signed Promissory Note returned to the office of the Treasurer. The Promissory Note requires two co-signers, usually the parents, over the age of 18 years.
Loan renewals are not automatic and require that the student submit a renewal application and Official Grade Transcripts. The student must maintain a 2.75 or higher GPA and remain in full-time college status.
An application for a loan can ONLY be obtained from the Secretary of the Fund, whose address is:
Call for details please.
If you are interested and believe you are eligible, complete the attached form and send at once to the Secretary of the Fund. The Secretary will forward an application and general provisions about the application and loan process.
Applications are accepted from Januarv 1st throuah Auaust 1st each Year.
No exceptions.
Click here for a copy of the form
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