Questa Scholars Program Application Available
July 28, 2016 at 4:25 p.m.
By Staff Report-
A new feature this year is the ability for students to complete and submit the application electronically.
Questa Education Foundation offers low-interest forgivable loans for students pursuing a certificate, associate or bachelor degree from an Indiana college or university. The program offers a way for students to fund the financial gap in their education and also retain talent in northeast Indiana.
Questa Education Foundation will forgive 50 percent of the scholar’s loan balance when the scholar lives and works in northeast Indiana for five years after graduation. Students who choose to attend and graduate from one of Questa’s nine regional partner schools will receive an additional 25 percent forgiveness at graduation.
The Questa Scholars Program allows a student to borrow up to $20,000 and when meeting the qualifying criteria receive the maximum 75 percent forgiveness, making the remaining balance only $5,000 for the scholar to repay. The forgiveness feature combined with the low fixed-interest rate after graduation makes the program an unbeatable loan option for students and families, according to a press release from Questa.
“This is about investing in individuals who want to pursue further education and currently have a financial gap. It is about transforming the business landscape by helping people for the economy of the 21st century,” said Marc R. Levy, executive director of Questa Education Foundation.
The funding for this program comes from local and regional foundations, businesses and organizations, the release states. In addition, Questa Education Foundation uses interest from the endowment to expand the numbers and geographic reach.
Questa Education Foundation is a local non-profit serving Northeast Indiana and is dedicated to increasing access to education beyond high school, reduced debt and retention of talent. For more information on Questa Education Foundation programs and completing the application, visit the website at www.questafoundation.org[[In-content Ad]]
A new feature this year is the ability for students to complete and submit the application electronically.
Questa Education Foundation offers low-interest forgivable loans for students pursuing a certificate, associate or bachelor degree from an Indiana college or university. The program offers a way for students to fund the financial gap in their education and also retain talent in northeast Indiana.
Questa Education Foundation will forgive 50 percent of the scholar’s loan balance when the scholar lives and works in northeast Indiana for five years after graduation. Students who choose to attend and graduate from one of Questa’s nine regional partner schools will receive an additional 25 percent forgiveness at graduation.
The Questa Scholars Program allows a student to borrow up to $20,000 and when meeting the qualifying criteria receive the maximum 75 percent forgiveness, making the remaining balance only $5,000 for the scholar to repay. The forgiveness feature combined with the low fixed-interest rate after graduation makes the program an unbeatable loan option for students and families, according to a press release from Questa.
“This is about investing in individuals who want to pursue further education and currently have a financial gap. It is about transforming the business landscape by helping people for the economy of the 21st century,” said Marc R. Levy, executive director of Questa Education Foundation.
The funding for this program comes from local and regional foundations, businesses and organizations, the release states. In addition, Questa Education Foundation uses interest from the endowment to expand the numbers and geographic reach.
Questa Education Foundation is a local non-profit serving Northeast Indiana and is dedicated to increasing access to education beyond high school, reduced debt and retention of talent. For more information on Questa Education Foundation programs and completing the application, visit the website at www.questafoundation.org[[In-content Ad]]
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