How can you help you ask? The answer is simple: Give Money! We need more dollars to help more students. We are receiving between 20 and 50 applicants a year.
In 2020, to address the challenges facing Manheim Central School District graduates, the MCSLF increased the annual and maximum loans by 60% to $4,000 and $16,000, respectively.
A new loan is a $16,000 commitment on our part. Even though every loan since we were founded has been repaid, our needs have greatly expanded.
With increasing higher education (colleges, technical and trade schools, etc.) costs and declining sources of financing to pay these costs, we are receiving increasing number of applicants each year but based on current funding our ability to issue new loans remains static. While we receive notes and words of thanks and appreciation from borrowers and parents for providing loans, the MCSLF Board desires to provide even more loans to students. Annually, we distribute approximately $275,000 to $335,000 to students pursuing further education after graduating from Manheim Central. The more money contributed by generous supporters and businesses, the more loans we can grant to deserving Manheim Central graduates.
A special way to contribute to MCSLF is through memorial gifts as a lasting tribute. Donations of money or other assets such as stocks, bonds, etc are also greatly appreciated. By including MCSLF in your estate planning, you can leave a legacy, with exponential impact on future generations of local students! Young and Young Attorneys have generously indicated that they will not charge for their services in preparing your will, if you include the MCSLF at established minimum threshold ($10,000) in your estate planning.
When you make a contribution to MCSLF, you are not just helping a single student but multiple students since your contribution is lent repaid then lent again in a repeating cycle.
Contact any MCSLF board member to ask about contributing or send a donation to:
Manheim Central Student Loan Fund
PO Box 521
Manheim, PA 17545