28 May 9 • 2019
jn
Entrepreneur
Debt Forgiveness
Opportunity
As part of the William Davidson
Jewish College Loan Program
(WDJCLP), Hebrew Free Loan
Detroit (HFL) and the William
Davidson Foundation will
incentivize qualifying Jewish
entrepreneurs to stay in Michigan
by forgiving part of the student debt
they incurred from their interest-
free college loans.
Both the William Davidson
Foundation and Hebrew Free
Loan support entrepreneurship in
Michigan. This debt forgiveness
incentive will be another
strong factor in keeping Jewish
entrepreneurs in our region.
Starting in 2020 (for applicants
who graduated in 2015), qualified
new business owners who have loan
debt from the WDJCLP may have
up to one year of their remaining
loan balance forgiven, a maximum
per-person debt forgiveness amount
of $7,500 for an applicant who
received undergraduate loan support
or $10,000 for an applicant who
received loans for graduate school.
This amount would be removed
from the balance owed to HFL, and
the new total would be re-amortized
over the same repayment period of
10 years (post-graduation date).
To qualify, applicants must be
at least five years post-graduation,
full-time Michigan residents and
majority owners of active and
sustainable, for-profit businesses
who have been making regular
monthly repayments to HFL on
their WDJCLP-
incurred student
debt during their first five years
post-graduation.
Also, applicants’
businesses must
have been actively operating for
more than one year and employ at
least one other full-time employee
(or two part-time employees
working at least 10 hours per
month).
Each borrower’
s situation will
be reviewed on a case-by-case
basis by HFL. Applications will be
considered on a first-come, first-
served basis.
If you think you qualify, contact
HFL at (248) 723-8184 for more
information. ■
jews d
in
the
Adat Shalom member Gail Langer
will be walking in the American
Brain Tumor Association’
s
Breakthrough for Brain Tumors 5K
Run & Walk on 8 a.m. Saturday,
May 11, at Kensington Metropark
(Martindale Beach, 4570 Huron
River Parkway in Milford).
Each year, the BT5K provides crit-
ical funding for brain tumor research
and for supportive patient care.
Langer is walking in memory of
her daughter, Debby Schilling, who
died three years ago from a brain
tumor.
Each day, 500 people will be diag-
nosed with a brain tumor. “I know
that many others in the community
have lost loved ones to this disease,”
Langer says. “They may not be aware
of what this association does. It is the
nation’
s oldest nonprofit organization
dedicated to brain tumor education,
support and research.”
Langer will be walking with fam-
ily and friends, including Debby’
s
husband, David, and their children
Kayla, McKenna and Nicholas, to
raise money to support the work of
the Brain Tumor Association.
Support her efforts by registering
for the walk or making a dona-
tion to the American Brain Tumor
Association at bt5k.org. Click on the
walk in Milford and look for “TEAM
DEBBY.” ■
Fight Brain Cancer
at May 11 Walk
How Di
d You Get Thi
s Number?
Kate BALDWIN
Per
f
or
mance
Sponsor
ed
by
Gr
eenl
eaf
Trust
MAY 18, 2019
MARLENE BOLL THEATRE at
t
he
Bol
l
Fami
l
y
YMCA
For
mor
e
i
nf
or
mat
i
on
or
t
o
or
der
t
i
cket
s,
pl
ease
cal
l
313.
405.
5061
or
vi
si
t
cabar
et313.
org.