For over 80 years, many students have been able to further their educational goals by availing themselves of Hess Educational Loan Funds.
Today, these same funds are still available to qualified students who need financial assistance to help pay tuition costs at a college of their choice.
Loans are $1200 per year. A total of $4800 can be borrowed during the student's four years of college. (Reapplication is required each year.)
Loans may be applied to tuition costs and fees only.
Repayment does not begin until one year after completion of college.
Loans are interest-free during the time the student is in school plus one year. After that, interest is charged at the Market Prime Rate.
Hess Educational Loans are available to individuals meeting the following two requirements:
1.) Ashland County residents of all ages (must be United States citizens) having graduated from any high school - or 2.) Non Ashland County residents who have graduated from any Ashland County high school and plan matriculation into college prior to the age of 23
Resident household net worth is less than $250,000
Applicants must submit the following:
Completed application form
Two letters of recommendation from adult non-relatives
Most recent educational transcript(s)
Student Aid Report (SAR) of the Free Application for Federal Student Aid (FAFSA)
NOTE: Application Deadline Date is June 15
NOTE: Reapplication is required for student having previously received a Hess loan.