Hess Educational Loans are competitive loans awarded to Ashland County residents of all ages who have earned a high school diploma from any public, charter, or private high school or home school, and to non-Ashland County residents who have graduated from any Ashland County high school (Ashland, Hillsdale, Loudonville and Mapleton high schools, as well as Ashland County-West Holmes Career Center, Genesis Christian Academy and Ashland County Community Academy) or were homeschooled in Ashland County at the time of graduation.
The applicant’s household net worth must be less than $250,000. The applicant must have a cumulative GPA of 2.5 or higher.
Loans are $2,000 or more per year and may be applied only to tuition costs and fees. Repayment begins one year after completion of college. Loans are interest-free during the time the student is in college, plus one additional year. If not paid in full after this additional year, interest is charged at the market prime rate. Students must reapply annually during their college career.
Application deadlines: November 1, March 1 and June 15