Helping Families of Children With Special Needs Bridge Financial Gaps
May 9, 2018
Contact: Joshua Torres / 212-687-0188 ext. 8210
Helping Families of Children With Special Needs Bridge Financial Gaps
Families that have children with special needs often have to wait more than six months to receive tuition reimbursement that has already been approved by the New York State Department of Education.
In the interim, these families must come up with tens of thousands of dollars in tuition to secure a place for their child in an appropriate school. For many low- and moderate-income families, these upfront costs are impossible to meet.
The Hebrew Free Loan Society provides interest-free loans that bridge the financial gap until these tuition reimbursements are paid.
“Many families cannot wait for the City to reimburse their tuition payments, and the financial anxiety that creates can be intense,” says HFLS Executive Director Rabbi David Rosenn.”We are proud to offer a solution to hundreds of families each year through interest-free bridge loans.”
Since the Hebrew Free Loan Society’s Special Education Bridge Loan program launched in the late 1990s, the organization has made almost 3,000 of these interest-free loans, totaling over $47.5 million and enabling parents to securely enroll their children in the schools they need to learn.
WHAT: Hebrew Free Loan Society Annual Benefit / Celebrating Special Education Bridge Loans
WHEN: May 30, 6:30PM-9PM EST
WHERE: Museum of the City of New York, 1220 5th Avenue @ 104th Street, New York, NY 10029
RSVP: Credentialed members of the media who would like to attend should RSVP to Joshua Torres / jtorres@HFLS.org / 212-687-0
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About the Hebrew Free Loan Society
The Hebrew Free Loan Society makes 0% interest loans that help low- and moderate- income New Yorkers in need stabilize and strengthen their financial lives. HFLS has nearly 2,000 loans outstanding, totaling more than $13 million. Learn more about HFLS by visiting HFLS.org or visit our pages on LinkedIn, Facebook, and Twitter.
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