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Student Loans Whitney
Benefits, Inc. was created under the Last Will and Testament of Mr.
Edward A. Whitney, a Sheridan County resident, who passed away in 1917.
Mr. Whitney directed the corporation to create a student loan
program that would help provide men and women with modest financial
assistance from the corporation's income to pursue academic and
vocational studies. Since inception of the program in 1928,
through June 30, 2010, the corporation has loaned 5,168 students
approximately $28,941,081.89.For the fiscal year that ended June 30, 2010 Whitney approved interest free loans totaling $4,167,961.03 to 172 students; 141 students received loans for the first time and 31 students had received loans previously. For more information, please select one of the following links: Students with Current Loan, Prospective Loan Applicants, Apply Online, Frequently Asked Questions or Educational Programs |
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Current Student Loan
Forms and Information
The deadline for Fall funding is October 15th and for Spring funding is March 1st. Please carefully read below to determine which PDF documents to print and return to Whitney Benefits.
Address Update: Please email your new address and telephone number to studentloans@whitneybenefits.org. For additional information, questions, or if you are unsure which loan color applies to you, please contact Whitney Benefits at (307) 674-7303 or by e-mail at studentloans@whitneybenefits.org. |
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 LOANS
ARE AVAILABLE TO:
Applicants up to age 24 years old:
APPLICANTS CAN NOT:
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Whitney Benefits will
now only be accepting online applications.
 When completing the
student loan application online, you will need to gather and submit the
following documents:
 The application deadline for Spring 2012 funding for new loans is March 1, 2012.  Once
your application and all required documents are submitted, Whitney
staff will review them and will mail you a letter verifying that your
loan has been approved. Once you receive this letter, please
call Whitney Benefits and schedule a Loan Closing. If you submit
your application and required documents and Whitney Staff finds an
error we will contact you at the number and/or email you provide on the
application form Students and their co-borrowers must attend the Loan Closing. At the Loan Closing, Whitney staff will review the loan documents before the student and their co-borrowers sign. All documents will be notarized. The loan closing takes approximately 20 minutes. Whitney will issue the first disbursement to the student at the loan closing. All disbursements issued by Whitney shall be payable only to the student. To receive all future disbursements, the student must first provide Whitney with an official transcript or grade report verifying that the student has earned at least 12 credit hours and maintained a 2.25 grade point average in the preceding term. |
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How
much can students borrow in total and per semester for undergraduate or
vocational
studies? What information do you use to see how much each
student
will qualify for?
Up to $24,000 for undergraduate or vocational school studies. Traditional students may borrow, each semester during their undergraduate education, the following amount:
 How
much can students borrow for graduate or professional studies?Graduate students can borrow a credit limit of $40,000. What is the lifetime limit amount of student loans a student can borrow from Whitney Benefits? Students can borrow a lifetime limit of $24,000 to attend undergraduate and/or vocational school and a lifetime limit of $40,000 if they attend graduate school. When are the funding deadlines for students with current loans? The deadline for Fall funding is October 15th and for Spring funding is March 1st. When will I be expected to start repayment on my loan? Repayments begin on the earliest of the following dates:
Present Value Discounts are available at the start of repayment and every anniversary date thereafter. Can Whitney Benefits send and receive electronic payments? Whitney Benefits does now have the ability to electronically disburse funds and receive electronic payments. Please download the Electronic Credit Authorization form to receive electronic disbursements or the Electronic Debit Authorization to make electronic payments. Please fill out and return the form to Whitney to take advantage of these conveniences. |
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| Educational Programs Whitney
Benefits supports educational programs including Funding
Education, Sheridan
County School Districts, Awarded
Education Funding,
and the Manley Needs Accessment
Study.
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SHERIDAN COUNTY VOCATIONAL FUNDING In 2002 and 2003,
Whitney commissioned Dr. Mariam Manley to complete a Sheridan County Educational Needs
Assessment. The 2002 report identified technology,
hospitality, and health care as the three areas where future jobs would
be available. The grants help the school districts, working
in collaboration, to offer programs in the areas of hospitality and
health care.
In 2002, Whitney Benefits began funding two vocational education grants, for a period of three years, to the Sheridan Community Educational Foundation (SCEF) to benefit students in all three Sheridan county school districts. The educational grants were given for a Certified Nursing Assistant Program and a food service/ hospitality program. The Health Occupations class through the Certified Nursing Assistant Program at Sheridan High School trains future health providers in a sequence of new courses funded by the Whitney grant. From inception of the program in 2003 through December 2006, 280 students directly benefited from the program. In 2006, twenty five students were certified in the CNA program and thirteen more are signed up for the Spring 2007 course. Pro Start II and Kid's Catering are hospitality programs that build on students' interest in hotel and restaurant services. Since inception of the program in 2003, 118 students have enrolled in the Hospitality Program. In December 2006, Whitney Benefits gifted Tongue River High School Kid's Catering $7,285 to purchase supplies for to continue with the hosipitality program. Items purchased included a reach in freezer, washer and dryer, tuxedo shirts, knifes, and aprons.
In 2001, Whitney
Benefits began the process of considering an educational needs
assessment and determined that a method was needed to evaluate the
educational needs of the county. In 2002, Whitney Benefits,
commissioned Dr. Miriam Manley to complete a Sheridan County
Educational Needs assessment. Whitney's intent for the
educational needs assessment was to collect high quality current data
that could be used to plan, support, and ensure that programs,
opportunities and services are available to young people in Sheridan
County enabling them to pursue careers in the global
workplace. The need and design of the educational needs
assessment was developed based upon input gathered from meetings of
multiple groups and service providers within Sheridan County
including: Whitney Board Trustees, School District
#1, School District #2, School District #3, Sheridan College, and other
local foundation representatives. The commissioning of this
study was the recognition of the Whitney Foundation that career
opportunities in the 21st century are rapidly changing.
Careers are becoming more global and transcend geographical boundaries. Advances in technology have changed and will continue to change the workplace, and how individuals live and conduct their careers. Whitney considered it critical that educational and vocational training opportunities available within Sheridan County remain current and evolve so as to ensure that our young people are highly skilled, competitive and have the choices they want and need for their careers in the future. In 2003, Whitney Benefits again commissioned Dr. Mariam Manley to complete Phase II of the Sheridan County Educational Needs Assessment. This session dealt with common and specific educational opportunities and problems as well as action plans by each of the three Sheridan County School Districts and Sheridan College. Whitney believes that it is critical that Sheridan County and their respective communities identify how we can best meet the educational needs of our young people so that people can be competitive in the global market as well as make choices on their future lifestyles. Click the links below to view the reports. Whitney Educational and Vocational Needs Assessment Study Final Report - August 2002 (pdf format) Community Action Planning Meeting June 25 - June 26, 2003 (pdf format) |
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