Backed by philanthropy, Asbury University’s Student No-Debt Fund is here to help selected students graduate debt-free through faith, stewardship, and support.
Asbury and its donors believe in helping graduates pursue their calling without being held back by student debt. That’s why we’ve established the Student No-Debt Fund. This initiative is designed to provide students with the opportunity to graduate debt-free.
In Spring 2026, Asbury will launch a pilot of the No-Debt Fund, awarding approximately $500,000 to help pay off student loans for a group graduating seniors who fulfill specific criteria. When fully funded, the fund will expand to allow eligible undergraduate students to apply for support to eliminate their student loan debt after graduation.
The No-Debt Fund is guided by principles to address the average debt load of Asbury’s Dayton School of Business graduates, and other Asbury majors who borrow, so those students would be better able to serve others, steward their finances with a biblical approach focusing on giving, saving, and spending, and living out their calling in their selected vocation.
The program is available to:
Students apply at least two semesters before graduating (typically in the spring of their junior year) and must meet the specific criteria below to be eligible to apply. A review committee makes award decisions in the spring of a student’s senior year, and funds will be distributed to lending entities near Commencement.
Asbury’s generous donors in cooperation with the university’s Advancement office has structured the Student No-Debt Fund to cultivate deep personal growth among students who receive the award. Students must meet core criteria to become eligible to apply for funds from the program.
Academic
Complete 2 of 3 approved courses:
Co-Curricular Activities
Choose at least 3, including 1 Biblical Worldview (BW) + 1 Financial Literacy (FL):
Choose 1:
Required:
Director of the Student No-Debt Fund
Dr. George Allen
George.Allen@asbury.edu
The average debt load of graduates can delay their ability to give, serve, and fully live out their calling. The Student No-Debt Fund is designed to change that reality. By fostering financial literacy and a culture of generosity, we prepare students to:
This program is not just about paying off loans. It’s about transforming lives. With donor support and sustainability planning, Asbury will expand the Student No-Debt Fund so more students can graduate free of financial burden!
Annual reviews, donor reporting, and continued fundraising will ensure the program’s growth and long-term impact.
Ready to Learn More?