Now may be the time to pursue student loan forgiveness, higher education
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Nonprofit INvestED answering calls about revisions to federal loan forgiveness program
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by Shari Finnell, editor/writer, Not-for-profit News
With tuition averaging $40,000 for private colleges and up to $28,000 at public colleges, the prospect of having student loan debt forgiven under federal government programs can be enticing. And with the pandemic moratorium for repaying federal student loan debt set to expire on May 1, questions on how to get some relief are steadily emerging.
You may be wondering, Am I eligible for student loan forgiveness? Is it worth the trouble of applying if I’ve been turned down before? Should I pursue a degree and work in public service — especially if I have a chance of my loans being canceled in the future?
And for those who are considering a degree at the undergraduate or graduate level, the rising costs of tuition — which is outpacing inflation by 28 percent in some cases, according to the National Center for Education Statistics — may act as a deterrent to starting the college application process.
These are the types of questions and situation that recently have been fielded by INvestEd, a nonprofit that helps Indiana residents discover avenues to pay for the expenses of a higher education, especially in the wake of the recent overhaul of the Public Service Loan Forgiveness (PSLF) program which erased an additional $6.2 billion in student loan debt, according to William Wozniak, vice president of marketing for the organization.
Wozniak said now is a good time for Indiana residents to be hopeful about qualifying for student loan forgiveness under the revised PSLF program, as well as the affordability of college — despite statistics that seem to indicate otherwise.
INvestEd, which has been providing students and their families with solutions for a college education for more than 40 years, said that people who may have been turned down for student loan forgiveness under PSLF for various reasons, including missed payments on loans or an employer being determined ineligible, Wozniak said.
Because of previous restrictions, the PSLF, which was introduced in 2007, only a small percentage of students had their loans forgiven, he added. The program was designed to incentivize more students to pursue careers in public service instead of positions in the more lucrative private sector. However, until recently, there hadn’t been any significant dent in the number of students who had loans forgiven under the program.
“Even if you were told you're not eligible, now is the time to go back,” Wozniak said. “We can’t say in every case, you’re going to be in the clear and everything’s going to be OK but you can get advice on what you can do to still be on track to get your loan forgiven. The answer may have changed even if you were told a year ago that you were ineligible.”
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Achieve better board engagement through training
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by Jodi Snell, senior consultant, Hedges
The most common pain point we’re hearing about from the nonprofit community is how to increase board engagement. Despite good intentions, some board members are struggling to make in-person meetings work with their back-to-the office schedules, others turn off their video and multi-task during board meetings, and yet others have a hard time following-through with assigned tasks. In a world where there is never enough time, and we all have competing priorities, the need to focus on what is essential has never seemed more important.
So, the question isn’t just how do we engage our board, but how do we engage our board in its most essential functions? At Hedges, we have found the key to engaging board members in the ways they’re needed most comes through effective training and setting clear expectations. If board members don’t know their responsibilities or how to execute those responsibilities, then successfully engaging as a board member will be quite the challenge.
When we onboard new staff, we are mindful of making sure that expectations are clearly communicated and that staff are adequately trained to meet those expectations. The same should be true for board members of our organizations. Based on our experience in educating board members through our work with nonprofit organizations and in our Lead with Purpose Board Training Series, we find the following three items to be at the core of successful nonprofit board education:
Prioritize board training and onboarding. Prioritizing board training and onboarding is as important as prioritizing the training and onboarding of your staff members.
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3 Tips for Strengthening your Board
Jodi Snell of Hedges joins Bryan this week to talk about strengthening your board. Shaneka Pederson and Stephannie Bailey of the Indianapolis Public Schools Foundation share their experience in attending the Lead with Purpose board training series that Hedges will offer again in 2022.
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Renew Indianapolis has promoted Alex Ervin to staff accountant. Ervin previously served as the build fund program manager of the organization.
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The Damien Center has hired Alex Van Gorp as general counsel and advocacy director. Van Gorp previously was a staff attorney at the Indiana Department of Health.
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Paws and Think, Inc. has hired Whitney Stevens-McBride as volunteer services and resource development coordinator. Stevens-McBride formerly was a development associate at St. Joseph School for the Deaf.
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The International Center has hired Svitlana Ramer as vice president of development and external affairs. Ramer has previous experience in program development in higher education, business, and government.
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Foster Success has hired Andrea Stokes as basic needs coordinator. Stokes, a graduate of Columbia University, earned a M.S. in nonprofit management.
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Foster Success has hired Carolyn Pool to serve as program coordinator for youth engagement. Pool previously was a case manager for The Villages of Indiana.
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The Virtual Ask a Lawyer program of the Indianapolis Bar Association has been recognized with the 2022 American Bar Association Louis M. Brown Select Award. The award recognizes innovation in the delivery of legal services. Read more
Hoosiers For Good Inc., a new nonprofit, has a mission to raise awareness and funds for charitable causes in Indiana by engaging student-athletes from Indiana University who want to promote philanthropic work throughout the state. Read more
School on Wheels is accepting 2022 Education Champion Award nominations for an educator, volunteer, mentor, coach, staff member or youth worker doing outstanding work on behalf of Indiana youth. The winner will receive a $1,000 stipend to use toward a project or program. Nominate by April 3.
The Water Color Society of Indiana has opened registration for its Lentz Memorial Scholarship, which includes a $1,000 award for an Indiana high school senior who will be attending a college, university or art institute to pursue art as a major. Apply by April 4.
DONATION NEEDED: The Villages of Indiana needs donations for Diaper Day on March 16. Learn more
FREE OFFICE FURNITURE: A variety of furniture, including workstations, tables and chairs. Will need to dissemble, pick up and haul away. See list Contact Julie jhutcheson@relostrategies.com
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Communicating when the stakes are high session on April 5 from 9 a.m. to noon at the Johnson County Armory in Franklin. Learn effective tools to successfully navigate critical conversations. Cost: $49 members/$59 for nonmembers. Presented by Leadership Johnson County. Register
New generation philanthropy: A community well-being approach webinar on April 8 from 1-7:30 p.m. This master class will introduce participants to the professional work of philanthropy and its impact on the common good. Presented by Purdue University. Cost: Free. Register
The Flipping Finance Challenge 2022 gets underway April 9 at 10 a.m. at the Indianapolis Arts Center, 820 E. 67th St. Teams of participants from across the state will help communities design new solutions to difficult challenges. Presented by Indiana Bond Bank. Cost: Free Register
Hiring and retaining diverse staff webinar on April 12 from 9 a.m.-noon. Learn how to diversify your organization's hiring practices, and what it takes to hire and retain a diverse staff. Cost: $5. Presented by Marion County Commission on Youth. Register
Opportunity Indianapolis insights on April 26 from 1-3 p.m. at the Madame Walker Legacy Center, 617 Indiana Ave. Explore the impact that segregation and harmful practices have had on communities of color. Presented by Leadership Indianapolis. Cost: $25. Register
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2022 Charter School board recruitment on March 16 from 5:30-7:30 p.m. at Tinker House, 1101 E. 16th St. Local charter schools, many founded by innovative Black entrepreneurs, are seeking highly skilled board members. Learn more
Keep Indianapolis Beautiful needs volunteers for tree plantings on March 19 from 9 a.m.-noon. Participants will plant 109 native trees and enhance the urban tree canopy in the Forest Manor neighborhood. Register
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Review this list of organizations that have the capability and capacity to deliver humanitarian aid and other assistance to people fleeing the conflict in Ukraine, or ones that are wounded by it.
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Predictions that virtual and hybrid events were here to stay may have been overblown. In-person events are on the rise.
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Our sponsor marketplace serves to further connect our readers with our advertisers who are focused on serving nonprofits. To learn about each sponsor's nonprofit services, click on its logo.
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FUND DEVELOPMENT
STRATEGIC PLANNING
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BANKING/
ASSET MANAGEMENT
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Downtown suites for lease with onsite parking
The Sol Center, located at 708 E. Michigan St. near the Bottleworks District in downtown Indianapolis, has affordable rental suites and collaborative spaces for nonprofit organizations. Leases include the use of a full kitchen, café style seating, meeting spaces, onsite parking and WiFi access. Contact Christian Page charold@mealsonwheelsindy.org
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CHARITABLE ADVISORS
FEATURED JOB POSTINGS
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Are you an attorney who wants to create more community impact and not just more billable hours? Are you a community or social services leader looking for a platform that tangibly removes obstacles to success and defends the rights of the most vulnerable? Apply your leadership experience in a legal venue and make a difference every day in central Indiana and across the state. Join an organization dedicated to promoting justice for low-income families and individuals as a way of demonstrating Christ's love. The Clinic is a United Way community partner and IRS-designated low-income tax clinic. The Clinic provides legal solutions focused on serving homeless veterans, immigrants and refugees, families facing foreclosure and other housing crises, victims of human trafficking, domestic violence and sexual assault, ex-offenders, and family law matters.
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