Mellon Mays Undergraduate Fellows who have entered a Ph.D. program in a Mellon designated field within 39 months of graduation from Grinnell are eligible for up to $10,000 in loan repayment benefits. For each year of full-time graduate study, one-eighth of your undergraduate debt (up to $1,250) can be paid by the Mellon Foundation through Grinnell College. Students who complete their doctorate are eligible for an additional $5,000 in loan repayment. Please refer to the MMUF web site for additional details on the loan repayment program, including a list of eligible fields.

How to Arrange For Loan Repayment by the Mellon Foundation

  1. Complete the Application for Loan Repayment, and have a certifying official (graduate school dean or registrar) complete Section 9  at the end of each academic year that you were enrolled as a full-time student.
  2. Send the form to Office of Financial Aid, Grinnell College, Grinnell, IA 50112-1690. An email confirmation will be sent to you each time a portion of your debt is paid by Grinnell College.
  3. Important Note: the fellow is responsible for any additional interest and/or principal payments required by the loan servicer. The fellow is responsible for communicating with the loan servicer regarding eligibility for deferment of repayment based on graduate school enrollment or other applicable criteria.