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Tag: financial aid

Two new scholarships

Two new scholarships

In an effort to lighten the financial challenges presented by the growing costs of higher education, Hillel International announced in November that it is launching two annual scholarships for students attending college anywhere in the United States and Canada. The two merit-based scholarships will total $4,000 US (roughly $5,200 Cdn) each and are available to any student who identifies as Jewish. The deadline for applications is March 15.

The Handeli First-Year Scholarship will be awarded annually to graduating high school students who demonstrate a record of leadership and volunteerism and are preparing to enter a four-year college or university. Students currently on a gap-year program are also eligible to apply.

The Hillel Campus Leadership Award, meanwhile, will be presented to full-time college students in their freshmen, sophomore or junior year who exhibit exceptional leadership skills and are pursuing a degree at an accredited school.

“Thanks to the estate of a wonderful donor, David Handeli, we were able to create the two new scholarship opportunities. Four students will receive awards this year, and we’ve already received more than 200 applications since the application went live in November and more than 1,000 applications have been started. Our hope is to expand these scholarships down the road, since we will have way more demand than supply,” Etan Harmalech, Hillel International’s vice-president of marketing, told the Independent.

For both scholarships, applicants must have a grade point average (GPA) of 2.5 or above to be considered. A full list of eligibility requirements can be found on the Hillel International website, hillel.org/college-guide/hillel-scholarships/eligibility-requirements-and-faqs. The applications for the respective scholarships can be also be found on the site, at hillel.org/college-guide/hillel-scholarships.

Like their counterparts throughout North America, Jewish college students and their families have had to contend with ever-mounting educational expenses, the increase in which over the past 20 years has exceeded the rise in household income.

The daunting cost in the United States, for example, was cited in a recent report by the College Board, an American nonprofit whose goal is to expand access to higher education. The report noted that the annual tuition for a college student had increased by more than 25% in the past decade for both private and public institutions. In several states, the cost for a year’s tuition competes with average income.

The average Canadian undergraduate pays close to $7,000 a year in tuition. Surveys conducted by Macleans in 2017 and 2018, however, found that the average cost of post-secondary education – with all of its expenses, such as rent, tuition and food, included – came in at just under $20,000 per year, with the commensurate level of debt rising with each additional year of study.

In British Columbia, students are confronted with one more challenge: finding affordable lodging near campus in an overheated housing market, an obstacle that is further exacerbated by the scarcity of available units, often leading to crowded living conditions or dwellings located far from the schools students attend.

“I am happy to see that these scholarships incentivize student involvement in Jewish life on campus. Hillels are a hub for Jewish life and often act as the last gas station before students head off into the working world,” said Sam Heller, the executive director of Hillel BC. “If we don’t get to them in college, there are fewer opportunities for Jewish young adults to engage with the community in an easy way and we may not see them until they start to have families and so on.”

Founded in 1923 at the University of Illinois Urbana-Champaign, Hillel is the largest international Jewish student organization, with representation at more than 550 colleges and universities around the world. In British Columbia, a Hillel presence can be found at University of British Columbia, Simon Fraser University, University of Victoria, Langara College, Quest University Canada, Kwantlen Polytechnic University and Emily Carr University of Art and Design.

All applications will be reviewed by Hillel’s scholarship committee following the March 15 deadline. The recipients of the scholarships will be chosen and announced on May 1.

Students looking for more scholarship opportunities should visit Hillel’s Jewish Scholarship Portal (hillel.org/college-guide/hillel-scholarships/jewish-scholarships), which contains information on several hundred scholarships available to Jewish students.

Sam Margolis has written for the Globe and Mail, the National Post, UPI and MSNBC.

Format ImagePosted on January 24, 2020January 22, 2020Author Sam MargolisCategories NationalTags education, financial aid, Hillel, scholarships, university, youth

JFS launches new program

Jewish Family Services has launched a new program to provide short-term financial assistance to Jewish community members living in the Tri-Cities area, including Maple Ridge and Mission. This program is funded by a grant from a private donor through Jewish Federation of Greater Vancouver.

Called the Chesed (or Compassion) Program, the project responds to recommendations made by the Jewish Food Security Task Force, a joint collaboration between JFS and Jewish Federation, that identified the lack of regionally based Jewish food options as one of the top priorities to address.

According to a report from the Jewish Federation, 4,200 Jews in the Lower Mainland earn less than $30,000 annually and live below the low-income cut-off. Approximately 20% of these households live in the Tri-Cities, Mission, Langley and Maple Ridge. Another five percent of households in these areas earn less than $50,000. This means there are approximately 1,000 people living in these communities, many of whom are single-parent working families, who are considered food insecure.

Richard Fruchter, chief executive officer of JFS, said that, for those living in this situation, their day-to-day reality is dire. “Many do not have enough food to last the whole month without accessing a food bank,” he explained, and “some parents go without so that their children have enough to eat. Still others have poor diets, lacking sufficient income to purchase fresh fruit and vegetables.”

Nearly all Jewish programs and services are located in Vancouver and, despite the number of low-income Jewish households in these geographic areas, there are no Jewish-run social services available to them. Many are families that have requested assistance from JFS but, because of the distance to Vancouver or the Jewish Food Bank’s limited hours of operation, they are not getting the help they need. In addition, a significant number of these households are new immigrants, the majority of whom are Russians or Russian-Israelis. They would benefit from being connected to the Jewish community and having access to social and educational programs offered closer to their homes. The Chesed Program is a small but significant step in creating access to these social services.

The program is designed to offer up to six months’ short-term assistance for people in crisis where no other source of funding is available. Eligible are Jewish community members 18 to 65 years old who are residents of the Tri-Cities, Maple Ridge or Mission and can demonstrate financial need (i.e. bank statement, rent receipt, income tax statement, social assistance cheque, proof of income) and are willing to develop a long-term plan for addressing their financial needs, where possible. Individuals or families who meet the eligibility criteria will receive a loaded credit card that can be used for purchasing basic needs items.

For more information about the Chesed Program, contact Tanja Demajo, director of family and adult resources at JFS, at [email protected] or 604-637-3316.

Posted on August 24, 2018August 22, 2018Author Jewish Family ServicesCategories LocalTags financial aid, Jewish Food Bank, JFS, Tri-Cities

Loans to help students

The Hebrew Free Loan Association of Vancouver (HFLA) continues to evolve to serve the Jewish community better. Last fall, HFLA introduced a new maximum $5,000 loan category that has become its most requested type of loan. The association’s latest innovation is a new student loan program.

Students are saddled with increasingly large debts after graduation because of the high cost of education. HFLA understands this dilemma and is happy to be able to give interest-free loans to Jews in British Columbia. Each and every payment made on an HFLA loan pays down the principal, getting rid of the debt far more quickly than any interest-bearing loan, no matter how low the interest rate. Borrow for education, pay no interest. Simple and helpful.

The program has a new scale for the repayment schedule, a maximum $3,000 yearly loan amount for four years, and requires proof of enrolment and two guarantors. The parameters of this new program have been guided by best practices from other successful student loan programs that have been running for many years in other cities.

The low repayment schedule gives students a chance to chip away slowly at their student debt throughout their post-secondary education without appreciably impacting their limited student budget. In the second year of borrowing, the payments level out at $100 per month and do not increase until six months after graduation, at which time, repayment is required at HFLA’s usual rate of $25 for every $1,000 borrowed.

The HFLA Student Loan program is perfect for an undergrad or graduate student who needs to top up a Canada Student Loan or a scholarship. HFLA seeks to ease the financial burden on students and their families while enabling students to reach their potential. All kinds of post-secondary education fall under the program and will be considered by HFLA’s board of directors as are all of its loans.

For more information on this or other interest-free loan types, visit hfla.ca or call 604-428-4282.

 

Posted on October 7, 2016October 5, 2016Author Vancouver Hebrew Free Loan AssociationCategories LocalTags financial aid, interest-free loans
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