Questa offers several forgivable loan programs. Each one offers the opportunity to significantly reduce the debt you owe, but they have slightly different eligibility requirements. The following pages detail each program and its requirements. If you need help figuring out which one is right for you, please get in touch.
Questa Scholars Program
Are you a recent high school graduate or college freshman? This program is for you.
Legacy Scholars Program
Fort Wayne residents planning on attending an Allen Country college or University have additional funding available.
Contemporary Scholars Program
Are you a college junior, senior, or a returning student? This program is for you.
Additional funding helps select groups. (Women in Business, Engineering, and Advanced Manufacturing.)
Let's look at the numbers. Since 2007 Questa has:
Served nearly 800 students
Provided approximately $7 million in forgivable loans
Granted close to $1.5 million in scholarships
Maintained an 85% graduation rate, compared to the national average of 60%
Too good to be true?
Questa Scholar | Jordan
Jordan and his wife were both Questa Scholars. After graduating they felt more confident making life decisions without having to worry about money. Together they borrowed $35,000 and only have to pay back $6,000.
Questa Scholar | Alli
Alli loved having Questa as a partner, helping her walk through the challenging loan process. She borrowed $20,000 from Questa and had $8,000 forgiven.
Questa Scholar | Kelli
The payback partnership program helped Kelli go to her dream school, knowing she could have up to 75% of her debt forgiven. She also earned one of Questa's scholarships. After borrowing a total of $20,000 she only has to be back $5,000.
Established in 1937 by R. Nelson Snider, principal of South Side High School, and later incorporated as the Fort Wayne Educational Foundation, Questa Education Foundation continues the tradition of providing affordable student loans and generous scholarships to support students in northeast Indiana as they pursue their first associate or bachelor’s degree.
In 2007, Questa’s board of directors adopted the Questa Scholars Program. The Questa Scholars Program provides up to $20,000 in college loans, over four years, for qualified high school graduates from Allen, DeKalb, Huntington, Kosciusko, Steuben, and Whitley counties and will forgive up to 50 percent of the loan if a student graduates with a 2.75 cumulative GPA and lives and works in northeast Indiana for at least five years after college.
In 2013, Questa expanded their program to include funding for delayed start, returning, Junior and Senior degree seekers through the Contemporary Scholars Program. The Contemporary Scholars Program will forgive up to 50 percent of the loan when a student completes their degree and lives and work in northeast Indiana for the following five years.