Applying for a Knod Foundation Loan is easy

Once you’re accepted by Knod to enroll in a future cohort, you can ask for a Knod Foundation loan.  Follow the process to apply to Knod by going to the “Get On Board” section. 

1. After your enrollment is approved, fill out the Knod Foundation Pay it Forward Loan application. It is very important that you fill and provide all the requested information. Give us a summary of your experience earning your higher education degree, mention individuals or organizations that helped you during this process. Letters of recommendation may be added to supplement your application at this time.
2. Knod Foundation will review and verify all submitted information on the completed funding application. Based on financial need, academic story, references and probability of employment, Knod Foundation will decide about your request.
   • Applying students will receive approval via email, information regarding amounts, available funds and the activation date of the loan will be provided at that time. 
   • If a funding is not approved, the reasons will be given at that time to make sure a student’s application has been properly submitted and underwritten correctly.
3. Knod Foundation will send you a funding agreement to print, sign, have notarized and then have emailed back.  You will then have to make a loan processing fee payment of $30US to Knod Foundation.  
4. Approved loans will start funding your tuition fees per term, and make payments directly for the international trip and living expenses if approved. 

It is recommended that you cover as many your own expenses as possible to keep the total amount of funding low. This way, you allow for enough funds for others and, very important, you will get an easier pay forward structure at the completion of your degree program and beginning of employment. Each Pay Forward process will begin at the first payment received from any employer.