MOUNT ST. JOSEPH UNIVERSITY NEWS
FOR IMMEDIATE RELEASE
CINCINNATI, Ohio (October 16, 2018) -- Mount St. Joseph University has been awarded a grant from the Charles E. Schell Foundation, Fifth Third Bank, Trustee. The funds will be used to offer interest-free loans to returning students through the Schell Student Loan Program. Unexpected gaps in federal funding is one of the primary reasons students struggle with financing their college education during the time it takes to earn a bachelor’s degree. The grant from the Schell Foundation will aid the Mount in directly impacting this critical need.
“A main priority of our office is to lower financial barriers for our students and their families,” says Assistant Director of Student Administrative Services Andrew Hoelmer. “We are thrilled to continue to offer financial aid options such as this in order to help students realize the goal of a college education.”
These interest-free loans are referred to as honor loans, as the students are entrusted with repaying the loans when they are able, versus within a specific period. Students receiving the loans will be expected to follow the Schell Foundation’s guidelines, including an emphasis on the intrinsic, pay-it-forward values of repayment, so future Mount students can continue to benefit from these loans. Students find these loans to be hassle-free as the Mount’s friendly, familiar staff guides them through the process. This is one of the many financial aid options available to Mount students.
Mount administrators are grateful for the generosity of the Schell Foundation, as these annual honor loans are a testament to the Mount’s commitment to each student achieving their educational goals. Since 1992, the Mount has received grants from the Schell Foundation, totaling $800,000.
About the Mount
Mount St. Joseph University is a Catholic institution grounded in the spiritual values and vision of its founders, the Sisters of Charity. Located on the west side of Cincinnati in Delhi Township, the Mount is dedicated to student success and well-being, emphasizing values, integrity, and social responsibility. The Mount was founded in 1920 as one of the only women’s colleges in the eastern United States at the time. Today the University educates a diverse coeducational population of more than 2,000 undergraduate, graduate, and doctoral students. Nearly 99 percent of those who earn a degree from the Mount are employed, enrolled in graduate studies, or volunteering within six months of graduation.