First Quality Loan Program
The First Quality Loan is a 5% fixed interest rate loan, which is issued to Lock Haven University students to assist with educational expenses. The loan is made possible through funding provided by the Damaghi family of First Quality Enterprises. Students must meet all of the loan criteria in order to receive the loan. They must be a full-time student; a Pennsylvania resident from Clinton, Potter, Lycoming, Union, Centre, Clearfield, and Cameron counties; meeting Satisfactory Academic Progress; have financial need, and be a sophomore, junior or senior. Students will be expected to repay the loan within six months after receipt of an undergraduate degree or of the date upon which the student is no longer enrolled at Lock Haven University. Students may qualify for loan forgiveness upon graduation from Lock Haven University if they continue to reside and/or work in Clinton, Potter, Lycoming, Union, Centre, Clearfield, and Cameron counties.