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OCUF Student Loan Forgiveness Grant

OHIO CREDIT UNION FOUNDATION

Foundation Annual Hardship Grants

Funding Amount

$5,000 per award (3 awards available)

Deadline

Rolling / Open

Grant Type

foundation

Overview

OCUF Student Loan Forgiveness Grant

Funder: Ohio Credit Union Foundation (OCUF)

Geographic Scope: Ohio

Program Type: Student Loan Assistance Grant

Overview:
The Ohio Credit Union Foundation awards grants to help Ohio credit union employees pay off outstanding student loan debt. Three $5,000 grants are available annually to eligible applicants.

Award Details:

  • Number of Awards: 3 grants annually

  • Award Amount: $5,000 per grant

  • Purpose: Help eliminate student debt for credit union employees
  • Eligibility:

  • Ohio credit union employees

  • Must have outstanding student loan debt

  • Must submit essay response (see application section)
  • What They Fund:

  • Student loan forgiveness/debt reduction
  • Selection Process:

  • League staff narrower entries based on:

  • - Creativity
    - Detail of essay
    - Knowledge of credit union Movement
  • OCUF board members judge five highest-scoring entries

  • Winners announced in December
  • Historical Note:
    A 2018 grant winner eliminated her remaining student loan debt through this program.

    Contact Information:

  • Contact: Jamila Collins, League Advocacy Coordinator

  • Email: jcollins@ohiocul.org

  • Phone: (614) 923-9763
  • How to Apply

    Application Process

    Essay Requirement:

  • Submit response addressing: "The importance of diversity, equity, and inclusion in the financial services industry and how credit unions are uniquely poised to lead the charge"
  • Selection Criteria:
    1. Creativity of response
    2. Detail and quality of essay
    3. Demonstration of knowledge of credit union Movement

    Evaluation:
    1. League staff review all entries
    2. Entries narrowed to five highest-scoring submissions
    3. OCUF board members judge the five finalist entries
    4. Three winners selected

    Timeline:

  • Winners announced in early December (historically December 7)
  • Focus Areas & Funding Uses

    Fields of Work

    hardship

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