The Heiser Christian Education Scholarship Fund is a fund provided through a bequest to the First United Methodist Church of Orange, California, by Nelle D. Heiser in 1961. The bequest stipulated that the Fund be loaned to individuals for their use in higher education and specified that borrowers be of good habits, clearly stating that they do not smoke, drink, or use illicit drugs.
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Who May Borrow From the Fund
A person who is a member, or whose parent(s) / guardian(s) are a member, in good standing of the First United Methodist Church of Orange, California, for a least one year preceding the application, and who is a candidate for a degree from an accredited institution of higher education, may apply for a loan. Among the qualifications are good character, sound health, satisfactory references, grade average of C or better if in college, or B average in high school.
How Much May Be Borrowed?
An applicant may borrow up to $5,000 during his/her academic program, but the amount to be taken in any one year will depend on need and upon the availability of funds. Interest is accrued as simple interest of 1% while the student is in school and at 3% after graduation or completion of the educational program.
How Does One Apply?
An application is included in this brochure. Applications must be approved by the Fund administrator, the Minister/Director of Youth Ministries, and the Senior Pastor. Their recommendation must then be made to the Board of Trustees, whose approval is necessary before funds are made available. All loans must be cosigned by a guarantor. At least two (2) months should be allowed for processing the application.
When To Be Repaid?
Repayment must begin within six (6) months after graduation, or withdrawal from school, and is to be completed within six (6) years. Terms of repayment shall be stated on the agreement form. The borrower must keep the Heiser Fund Administrator informed of changes of address and school status.
Join Nelle Heiser in Supporting the Higher Education of Our Youth
Nelle Heiser had a desire to help the youth and young adults of her church fulfill their educational aspirations. The fund that bears her name has helped countless individuals with scholarship funds — in some cases funds that made the difference in making a college education a reality.
The Board of Trustees of the First United Methodist Church of Orange is responsible for the management and investment of the Fund. The Board appoints an Administrator who attends to the necessary business details and contacts with borrowers. Income from fund investments may be added to the principal or, at the discretion of the Board, used for loans to individuals.
The Board may, in its sole discretion, convert loans to grants (including waiving any accrued or outstanding interest payments) for individuals that are ordained within the United Methodist Church.
Download Heiser Christian Education Scholarship Fund Brochure and Application Form. |