Peter J. Blosser Student Loan Fund

If you are planning to attend college soon or are already a student looking for future funds, please give us a call.  We currently offer 5% interest subsidized student loans for residents of Ross County, Ohio.

History

In the beginning, three trustees were appointed by Mrs. Katheryn D. Blosser to oversee the set up and administration of the Trust. After her death, it was decided by the appointed Trustees that the Trust would be operated as a loan program so that it could continually replenish itself and grow. Since 1961, the Peter J. Blosser Student Loan Fund has given out over $2,230,000 to over 750 students.

Over the years, the Trust has gone through many transitions including 12 different Trustees, 6 different secretaries, updating and improving the requirements by which students can receive a loan, and increasing the limits of funds given as college tuition has risen.

As of 1998, the Trust also began a scholarship program named The Raymond J. Pack Memorial Scholarship, in honor of one of their long term Trustees.  Mr. Pack died in a car accident in 1988 after serving on the Board of Trustees for 9 years. This scholarship awards each Ross County High School and the Pickaway-Ross Career and Technology Center a scholarship for one or more of their college-bound seniors. The Raymond J. Pack Scholarship fund has already awarded over $215,000 to 125 students.

Any student applying for the Peter J. Blosser Student Loan Fund must be a resident of Ross County for at least 6 months.

Current Requirements for Application

Applicants must have and maintain a minimum 2.0 cumulative grade point average and attend school at least half time.

Applicants are required to have a co-signer with good credit for their loan regardless of their age or financial status.

Applicants must meet the following income criteria:

# of Family                        Annual Adjusted
          Members:                       Family Gross Income:*
1                                     up to $40,000
2                                     up to $50,000
3                                     up to $60,000
4                                     up to $66,000
5                                     up to $74,000
6 or more                        up to $82,000

* an additional $5,000 allowance will be added to these amounts if a family has more than one full-time student.

Current Limits

Applicants receiving a loan from the Peter J. Blosser Loan Fund must begin repayment 6 months after graduation or withdrawal from school.  Additionally, applicants must begin repayment of their loan no later than 6 years from the date of their 1st Peter J. Blosser loan, regardless of graduation status. 

Application

First-time applicants that meet all of our requirements must attend an interview with our Trustees at one of our scheduled meetings.  You will be notified of the date & time of your interview when your application is complete!  Processing of our loans can take between 3-8 weeks depending on the time of year and scheduled meeting dates.

The best time to apply for a Peter J. Blosser Student Loan is soon after you complete your FAFSA application.  We accept applications at any time of the year, but our funds are limited so the earlier your apply, the more likely funds will be available. If you would find that you don’t need the funds after you have applied or have been approved, this loan can be cancelled or reduced without any penalties.

Due to the fact that we are a non-profit foundation, we do not charge application fees.

Download our Loan Application HERE.