When the Lambda Phi Epsilon Alumni Association (LPEAA) was started, the fund was created with Clarkson by Ken Love #32 and Bill Volk #38 in 1975. It has been increasing in size ever since from Alumni donations.
Student loans from the fund have been used by many ΤΕΦ brothers over the years. The loans have been repaid with interest, thereby replenishing and adding to the fund.
As of 1/10/19 there is $19,028.90 in the fund.
Any Clarkson student that is a brother of the Tau Epsilon Phi fraternity is eligible for the loan. Clarkson administers the loan and typically makes $2-3,000 available each year for student loans. This makes sure the loans are staggered and there are loan amounts available yearly.
When you make your next donation to Clarkson, make sure to follow these directions to have it restricted to the Lambda Loan.