nias

The Henry Nias Foundation Loan Fund

The Henry Nias Foundation Loan Fund is designed to benefit students from New York City who plan on returning to New York City after graduation. This fund was started with a gift from Henry Nias Foundation. the level continued funding by The Henry Nias Foundation is directly related to repayments.

Like the University Loan Program, this loan will be offered to families who request assistance in meeting their expected contribution and who meet the above criteria of a student who comes from New York City and plans to return there after graduation. Loans will be awarded where it is determined that this amount can truly make a difference in the possibility of attending or continuing studies at Ohio Wesleyan University. Loan recipients may apply for loan in subsequent years but must demonstrate at least a 3.0 GPA.

While students are primary borrowers, their parents are requested to co-sign the promissory note. Loan payments and interest accrual (at 8%) begin six (6) months after the student ceases attendance at Ohio Wesleyan University. Repayment may extend up to ten (10) years.

If borrowers continued their education at accredited colleges or graduate schools, both payment and interest accrual may be postponed until six (6) months following the termination of that study provided proceeds continuously on at least half-time basis.

Information regarding application procedures may be obtained by the contacting the Financial Aid Office at 740-368-3050 or owfinaid@cc.owu.edu

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