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Hedin-Hartnagel Memorial Fund Post-Secondary Loan Information

The Hedin-Hartnagel Memorial Fund, Inc. lends money to Red Wing High School graduates for post-secondary education for the upcoming semester. A student may borrow up to $1250.00 per semester and up to $2500.00 per year for education expenses. The maximum amount the Fund will lend to each individual student is $10,000.00 during the course of his/her continuing education.

Loans are interest free while the student is actively participating full time in school and repayment begins 6 months after graduation or termination of school. Interest begins to accrue, at a rate of 6%, when payments begin. Students must begin making repayments no later than seven years from the date of their initial enrollment in post-secondary education.

The loan recipient must be a Red Wing High School graduate, maintain a 2.0 GPA (C average or better) and take/earn at least 12 credits in order to be eligible for a loan.

Loans are limited. Applicants will be taken on a first come, first served basis.
 

The Hedin-Hartnagel Memorial Fund, Inc. lends money to Red Wing High School graduates for post-secondary education. There will be 65 loans granted twice a year in June and December.  A student may borrow up to $1,250.00 per semester and up to $2,500.00 per year for education expenses. The maximum amount the Fund will lend to each individual student is $10,000.00 during the course of his/her continuing education. Students need to set up an interview for each semester to obtain a loan.

Loans are interest free while the student is actively participating full time in school and repayment begins 6 months after graduation or termination of school. Interest begins to accrue, at a rate of 6%, when payments begin. Payment/interest on loans may be deferred for up to seven years from the date of the first loan, if the student continues their full time (12 credits) education or attending grad school taking at least six grad school credits.

Loan recipient must be a Red Wing High School graduate. The student is required to maintain a 2.0 GPA (C average or better) and take at least 12 credits to be eligible for a loan.

Loan Process:

  1. Pick up and complete application form from the Red Wing High School principal’s office or from the Red Wing Public School (RWHS) website at www.redwing.k12.mn.us.
  2. Applicants will meet with members of HHMFI Loan Committee for an interview session in June and December for loan approval. Applicants need to bring their completed application form and their current transcript to this interview. Students must email or call Beth Kelly at 651-380-8562 starting at 8:00 a.m. on Wednesday, May 19, 2021 to reserve a time for the interview session on Tuesday, June 8, 2021 even if they cannot attend the June 8th session. Interviews are set up on a first come, first serve basis. Masks are required and social distancing will be followed.
  3. If the student cannot attend the group interview session, the student needs to obtain the signature of two of the following HHMFI Board members before a one-on-one interview can be scheduled. Please contact the Board member prior to arriving at their business or home.
    a) Traci Sonju       651-388-7133(w) or 651-380-3061(c)
    b) Ellie Kelly          651-301-0557(c)
    c) Liz Knapp          651-380-2921(c)
    d) Grady Nelson    612-205-2516(c)
    e) Stacey Hinrichs 651-388-7133(w) or 651-380-4378(c)

Student must contact the Executive Secretary with any address/email changes, and after graduation or termination of school, to set up payment schedule.

Thank you,

Beth Kelly

Executive Secretary, HHMFI

The Hedin-Hartnagel Memorial Fund has the potential to help enhance the quality of life in our community which might not be provided through other channels by allowing students to obtain loans for secondary education.

Individuals, organizations, and corporations provide support, lending a unique characteristic to the Fund.   

A gift to the Hedin-Hartnagel Memorial Fund is a meaningful type of remembrance. Contributions perpetuate the generous, humanitarian spirit in which Dr. Hedin and Dr. Hartnagel enriched the quality of life in the Red Wing community. 

Any further questions, please call Beth Kelly at 651-380-8562 or email harris@redwing.net.