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Questa Scholars Program can help close the gap on college expenses
Thursday, April 4, 2013 7:37 AM
Applications for financial assistance to close the gap on college expenses are now available via the Questa Scholars Program.
This year marks the third year that Huntington University Foundation along with business leaders in Huntington County has partnered with Questa Foundation to sponsor the Questa Scholars Program.
The Questa Scholars Program is designed to ease the financial burden of a college education for high school seniors and college freshmen that meet the qualifications of the program.
The program allows accessibility to a college degree; decreases the cost of a college education and increases the graduate retention in Northeast Indiana.
Questa Scholars may borrow up to $20,000 for college tuition, fees, books and living expenses over four years.
When a Questa Scholars graduates college and choose to live and work in Northeast Indiana, they may receive up to 50 percent forgiveness by Questa Foundation.
If Questa Scholars attends one of the regional partnering schools, Grace College, Huntington University, Indiana Tech, Indiana Wesleyan University, IPFW, Ivy Tech, Manchester University, Trine or the University of Saint Francis they can receive an additional 25 percent in forgiveness on their loans.
Scholars may reduce their loan debt by up to 75 percent when they meet the Questa Scholars criteria and graduate from a partnering school.
Applications are available online at www. questafoundation.org and the application deadline is May 1, 2013.
The low-interest forgivable loans are unique to other loan and scholarship programs offered and are funded by local foundations and generous support of community businesses and individuals.
All money repaid to the loan fund recycles to support future Questa Scholars.
For more information about the Questa Scholars Program offered by Questa Foundation for Education, as well as other program opportunities, visit www.questafoundation.org.