Hess Educational Loan Fund

Features

• Loans are for $1200 per year. A total of $4800 can be borrowed during the student's four years of college.
• 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.

Availability

Hess Educational Loans are available to individuals meeting the following two requirements:

• Ashland County residents of all ages (must be United States citizens) having graduated from any high school - or - 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

Application Procedure