Huntington, Ind.—Today, Questa Foundation for Education and Huntington University officials announced the Huntington University Questa Scholars Payback Program.
The announcement was made at a reception for local business, civic and educational leaders at the Northeast Indiana Innovation Center in Fort Wayne.
The Huntington University Questa Scholars Payback Program will forgive an additional 25 percent of a Questa Scholar’s loan balance if the student participates in the 1/2 Back Loan Program and graduates from Huntington University.
Questa Foundation sponsors the Questa Scholars 1/2 Back Loan Program that offers qualified Allen County high school students forgiveness of up to 50 percent of their Questa Scholars loan if they graduate from college with a 2.75 grade point average and choose to reside and work in northeast Indiana for at least five years after graduation. Questa Scholars may attend any U.S. Department of Education accredited school.
“With this partnership, Questa Scholars attending Huntington University may have up to 75 percent of their principal loan balance forgiven,” said Christina Smith, executive director of Questa Foundation.
“Huntington University is pleased to partner with Questa Foundation in an effort to make higher education more affordable and accessible for students in northeast Indiana,” said Dr. Ann McPherren, Huntington University’s vice president of university planning and strategy. “Local higher education is a key component of helping retain young college graduates in northeast Indiana. More than 75 percent of Huntington students are from Indiana with over 40 percent from our northeast Indiana region.”
In addition to the Huntington University Questa Scholars Payback Program, Questa Foundation formally announced several new initiatives at today’s reception, all aimed at helping Allen county students graduate from college with less debt and to encourage their retention in northeast Indiana after graduation.
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