During JELF’s two loan application cycles for the 2015-2016 school year, students came to JELF seeking to fill the gap between the resources they assembled through grants, loans and scholarships and the real cost of their education. Although the students’ need was greater than what JELF was able to fund –over $1 million, which is why our fundraising efforts only continue to increase– we awarded $800,000 in interest-free, last-dollar loans to 219 Jewish students across our five-state region.
While JELF currently administers over $5.2 million in outstanding loans, we maintain an impressive 99% repayment rate. As students repay their loans, JELF uses those payments to make new loans, creating a circle of tzedakah. JELF loans are need-based and can be used for full-time undergraduate and graduate degrees as well as vocational programs. As one loan recipient recently expressed to JELF, “I just wanted to say thank you to JELF for another generous loan for my next school year. I could not be more grateful for your compassion for my generation’s education!”
For additional information, contact JELF Chief Executive Officer Jenna Shulman at 770-396-3080 or visit www.jelf.org. Applications for a JELF interest-free loan for the 2016-2017 academic year will be available on this website on March 1, 2016.