History
Originally established nearly 75 years ago by R. Nelson Snider, principal of South Side High School, and later incorporated as the Fort Wayne Educational Foundation, Questa Foundation continues the tradition of providing affordable student loans and generous scholarships to support Allen County students pursuing their first bachelor’s and associate’s degrees.
After an intensive strategic review, in 2007 Questa’s board of directors adopted the Questa Scholars 1/2 Back Loan Program as the Foundation’s flagship program. The Questa Scholars 1/2 Back Loan Program, the only one of its kind in the nation, provides up to $20,000 in college loans, over four years, for qualified Allen County high school graduates and promises to forgive up to 50 percent of the total loan principal if a student graduates with a 2.75 cumulative GPA and meets certain residency requirements in northeast Indiana for up to five years after college.
Questa Foundation has committed $4 million of its endowment to fund the initial five-year pilot period for the program (2007-2012).