*This program is hosted by our partner, NYC Capacity Building Collaborative, who has extended an invitation to PNY members. Space is limited and will be granted on a first-come, first-served basis.*
According to the New York City Department of Consumer Affairs, nearly 1 million New Yorkers have student loans, totaling almost $35 billion. The financial burden that these loans create is particularly heavy for Black and Brown borrowers. Two decades after taking out their student loans, the median Black borrower still owes 95 percent of their debt, whereas the median white borrower has paid off 94 percent of their debt. In 2007 Congress created the Public Service Loan Forgiveness Program (PSLF) with a simple promise: work ten years for government or nonprofits, and all remaining federal student debt will be erased. The program presents an exceptional opportunity for the Philanthropic sector to improve retention and combat the racial inequities present in the field.
What will you learn?
- Importance of creating Public Service Loan Forgiveness Program (PSLF) and its availability for students
- Ways and efforts by city leaders, government officials and philanthropic community, to help 250,000 New Yorkers access the $10 billion loan forgiveness available to them before October 31, 2022
Speakers
- Rich Leimsider, Founder, Public Service Loan Forgiveness Program
Who should attend?
While aimed at funders, it may also be of interest to all members who think they or their family may have any federal student loans, or are interested in sharing information with grantees. What to expect: Presentation followed by Q&A.
How do I sign up?
Registration is required by July 20th.
Members and Non-Member Funders: Please click on the "Register Now" link above. Webinar information will be emailed to you before the webinar.
Please note: To ensure fairness among our members, we reserve the right to limit the number of attendees per organization for select professional development programs.
Please email register@philanthropynewyork.org with any questions.