Guests Invited To Student Education Loan Fund Meeting

From LVJUSD: Guests are welcome at the annual board meeting of the Student Education Loan Fund (SELF). The meeting will be held on Thursday, April 4, 2019 at 7:00 p.m., in the boardroom of the Civic Center Livermore Public Library, at 1188 South Livermore Avenue.

SELF was established 56 years ago to provide interest-free loans to graduates of Livermore high schools, as well as current Livermore residents, to help them continue their education after high school. Loans are available for trade schools, community colleges, state colleges, and universities. There is no restriction on loans for out-of-state educational institutions. Since its inception in 1963, 691 loans totaling $979,300 have been made out to Livermore students toward their continuing education. Last year, SELF issued 23 loans, totaling $57,500.

Funds for loans are obtained through donations by individuals as well as through grants by agencies and businesses. Donations are deductible as provided under Federal and California income tax codes. As loans are repaid, that money is added to the pool from which new loans are made; contribution funds are recycled to those who need them next.

The fund is managed by a volunteer board comprising 30 Livermore residents, including community business leaders, teachers, parents, church leaders, and always a few Rotarians. These volunteers do all the necessary administrative and clerical work, and contribute enough funds to cover SELF's yearly expenses, allowing 100% of the incoming donations to go to student loans.

“We are so grateful for our volunteer community members who strive to make continuing education for our Livermore students a priority,” says Livermore Valley Joint Unified School District Superintendent of Schools, Kelly Bowers, Ed.D.

For more information about the meeting or about SELF, please contact Janice Paquette, janicepaquette@gmail.com, (925) 373-6894.