Hess Educational Loans are competitive loans awarded to Ashland County residents of all ages who have graduated from any high school, and to non-Ashland County residents who have graduated from any Ashland County high school (Ashland, Hillsdale, Loudonville, and Mapleton high schools, and Ashland County-West Holmes Career Center).
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: December 1 and June 15