Harvey Mudd offers the biggest long-run payoff. But its estimates rely on salary information furnished by people who fill out a survey on the company’s website, limiting its reliability. With Lumina Foundation funding, College Measures (collegemeasures. org) is working with state governments to share data about the earnings of recent public university grads. Some information has already been posted. Such efforts to tie school choice to future earnings are controversial, in part because they penalize colleges that send graduates to low-paying jobs such as Teach for America or low-paying careers such as social work, and they reward
schools that turn out bond traders and corporate lawyers. Moreover, these returnon-investment sites also distort the value of education by boiling it down to the size of a future paycheck, rather than, as Harvard President Drew Faust explains, “a passport to a lifetime of citizenship, opportunity, growth and change.� That’s a good reminder. A college education is partly about price: You should get what you pay for. But the true value of a college education is not measured solely in dollars and cents. —David Wessel, economics editor, The Wall Street Journal, and a member of Temple Sinai in Washington, DC
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Admissions 106: College Cash 1 Scholarships & Grants The JVS Scholarship Loan Program of the Jewish Vocational Service Agency offers interestfree, need-based loans up to $5,000/year to Jewish residents of MetroWest New Jersey. jvsnj.org The JCCs of North America Graduate Scholarship Program offers full-time students pursuing a master’s degree in select subjects up to $20,000 if they agree to work for two years at a JCC after graduation. jccworks.com The Jewish War Veterans of the United States of America offers $750–$1,500 grants to high school seniors who are direct descendants of members. jwv.org The Central Scholarship and Loan Referral Service (a program of the Jewish Federation of Greater Pittsburgh administered by Jewish Family & Children’s Service) offers $500–$3,000 need-based scholarships to Western Pennsylvania residents. centralscholarship.org The Dallas Jewish Community Foundation offers $400–$10,000 need-based scholarships primarily to students from the Greater Dallas/Fort Worth area. djcf.org The Jewish Social Service Agency of Metropolitan Washington offers $1,500 –$6,000 scholarships and interest-free loans to Jewish residents of metropolitan Washington, DC. jssa.org
The Jewish Family Service Association offers need-based grants and loans of up to $4,000/ year to Jewish residents in Greater Cleveland. jfsa-cleveland.org The Jewish Vocational Service Agency of Los Angeles offers need-based scholarships of $2,000 - $5,000/year to Jewish residents of Los Angeles County. jvsla.org The Jewish Children’s Regional Service offers $2,000 grants and no-interest loans on average per academic year to Jewish undergraduates whose families reside in Alabama, Arkansas, Louisiana, Mississippi, Oklahoma, Tennessee, and Texas. jcrs.org
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2 Lower Cost Loans The Jewish Educational Loan Fund (JELF) provides interest-free, need-based “last-dollar� loans to Jewish students from Florida, Georgia, North Carolina, South Carolina, and Virginia. jelf.org Member organizations of the International Association of Hebrew Free Loans offer interest-free, need-based loans. freeloan.org Editor’s Note: For more scholarship, grant, and loan sources, check with the major Jewish organizations in your local community, among them the Jewish Information and Referral Service and the National Council of Jewish Women. reform judaism
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