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Interest-free student loans now available to Lourdes University students


Lourdes President Robert Helmer being presented with the $100,000 Fifth Third Check from Vice President and Affiliate Marketing Director Carla Nowak.

Students at Lourdes University are now able to apply for interest-free loans through a $100,000 four-year grant provided by the Charles E. Schell Foundation, Fifth Third Bank, Trustee.

Payable over four years, the award allows Lourdes University to provide interest-free educational assistance loans to qualified students. An added benefit of the grant is that it creates a self-funding student loan program within Lourdes University that continues to provide resources for future students, as previous loans are repaid.

To apply, students must meet the following basic qualifications:
• Be a citizen of Ohio, Indiana, Illinois, Kentucky, Michigan, Missouri, Pennsylvania, Tennessee, Virginia or West Virginia
• Be between the ages of 18 and 25
• Be in good standing at the institution
• Maintain a minimum 2.0 GPA on a 4.0 scale

“We are thrilled to receive the assistance from the Schell Foundation and Fifth Third Bank,” expresses Denise McCluskey, Director of Financial Aid. “This will allow us to make earning a degree at Lourdes University even more affordable for our students.”

The Charles E. Schell Foundation was established in 1932 by Charles E. Schell of Cincinnati as a trust to be used for the educational benefits of citizens of Ohio, Kentucky and West Virginia. To apply for the Schell interest-free loan at Lourdes, students must schedule an appointment in the Office of Financial Aid, by calling 419/824-3732.

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