Investing in the community by helping students shoulder the burden of repaying educational loans

There are 336,153 students enrolled in colleges, universities, and institutions of higher learning throughout the state of Indiana.  More than 210,699 of these students have accrued substantial student loan debt.  There are more collegians in Indiana with student loans than there are with a home or auto loan.  Students often withdraw or neglect to attain the highest degree levels due to the anxiety associated with accumulating even more student loan debt.

Helping students repay their student loan debt will allow them to invest themselves productively in their future and their community.  Repayment assistance will also help strengthen the economy and individual credit scores of collegians.  Lastly, the collection of donations and application fees will constantly replenish the funds of the SLRO and allow present students to help future students pay off their student loan debt.  The success of this program in Indiana will promote the initiation of this program throughout the nation.

The mission of the SLRO is to provide financial assistance to past and present students struggling with the financial burden paying off their student loans. SLRO is a non-profit organization dedicated to helping relieve students shouldering the burdens of massive debt resulting from educational expenses.

Candidates must complete an application form, submit a one-page essay describing their specific circumstances and pay a nonrefundable, twenty-dollar application fee. Board members review all applications, essays and choose the winners. Winners will be selected based upon the sincerity, and authenticity of their submission/ Grades don't matter, schools don't matter, and majors don't matter. Friends and family members may also submit an application on behalf of their student.

To qualify for an award:

1. Candidates may not have any loans in default status.
2. Candidates must have existing, verifiable, educational loans.
3. Winning candidates must agree to authorize a promotional statement including names, school and state w/wo picture confirming the benefit of SLRO to their particular situation.
4. Candidates may win only once every year.

No award will be less than $250.00. No monies paid will be presented to the student. The awards will be paid directly to the lender and applied directly to the debtor's account. All monies: fees, donations, grants accepted by the SLRO will be awarded to candidates less the programming and operational expenses.