For Immediate Release: July 27, 2012
JELF AWARDS RECORD $675,000 IN INTEREST-FREE STUDENT LOANS FOR THE 2012-2013 ACADEMIC YEAR.
The Jewish Educational Loan Fund (JELF) has awarded more than $675,000 in interest-free loans to Jewish students throughout Georgia, Florida, South Carolina, North Carolina and Virginia for the 2012-2013 school year. This is a nearly a 5% increase over lending for the prior school year. A record number of applicants 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. JELF responded to the rising need by loaning more than ever before in a single year.
While JELF currently administers over $3.6 million in outstanding loans, it has maintained its impressive 99 percent 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 will use the support to its fullest capacity in my path to my career and life”!
For additional information, contact JELF Executive Director Lara Dorfman at 770-396-3080 or visit www.jelf.org. Applications for a JELF interest-free loan for the spring 2013 semester will be available September 2 – 30, 2012. Applications for the 2013-2014 academic year will be available on JELF’s website at www.jelf.org in March 2013.