Do you known about the Jewish Educational Loan Fund (JELF)? JELF provides interest-free loans for Jewish students in need to meet their post-high school educational goals. Undergraduate, graduate, and vocational school students are eligible to apply. In Charleston, JELF provided 9 local students with $34,500 in Hebrew-free loans in 2020. Locally, you can contact Sara Sharnoff Tick for more information and to apply.
See the press release below from JELF for an update on this national program:
EARNING A DEGREE, INTEREST-FREE…
JELF PROVIDES FUNDS TO MORE STUDENTS THAN EVER BEFORE!
In 2020, JELF (Jewish Educational Loan Fund) provided 394 interest-free loans to Jewish college, graduate, and vocational students. This jump in loans came from an increase of 66% more applications over the previous year.
JELF serves students in the five-state region of Florida, Georgia, North Carolina, South Carolina, and Virginia (excluding metro DC) as they pursue their higher education. In Charleston, JELF helped 9 local students with $34,500 in financial aid. The total student need for all the students in the JELF region was $2,352,906. Through student repayments, increased fundraising, and the generosity of the Marcus Foundation, JELF was able to allocate $1,553,739 in interest-free, last dollar loans to these students.
JELF’s mission is to help reduce a student’s financial burden so that they can pursue their higher education full time. JELF’s interest-free loans of last resort help students pay for crucial living and medical expenses, books, supplies, transportation, and many other costs. By borrowing through JELF, this year’s 394 student loan recipients are estimated to save nearly $1 million in interest payments over the life of their loans.
Since JELF first started providing interest-free loans in 1961, the organization has loaned $16 million to 2,400+ Jewish students. JELF is proud to consistently maintain a 99% student repayment rate, even during this difficult year. “What I love about JELF is that your contribution continuously pays it forward,” says JELF’s Board President, Jane Aronoff. “Dollars used for one student when paid back, are used for the next. Every dollar lives on and on…”
ABOUT JELF @JELFLoans
JELF (Jewish Educational Loan Fund) provides interest-free loans for Jewish students in need to meet their post-high school educational goals. Undergraduate, graduate, and vocational school students are eligible to apply. The application is open from March 1 - April 30 for the full academic year and September 1-30 for spring and/or summer semester(s) only. Sign up at jelf.org/app to get a reminder or visit JELF.org/donate to learn more or make a contribution.
For more information, contact David Cohen at 404-217-3724 or email info@JELF.org.