State of Ohio Awards $50 Million to Ohio Centric Student Loan Program.Ohio Treasurer Bradley's Office Creates Scholarships and Fellowships for Ohio Students COLUMBUS, Ohio Columbus is the capital and the largest city of the American state of Ohio. Named for explorer Christopher Columbus, the city was founded in 1812 at the confluence of the Scioto and Olentangy rivers, and assumed the functions of state capital in 1816. -- The State of Ohio recently announced that $50 million in volume cap has been awarded to State Treasurer Noun 1. state treasurer - the treasurer for a state government financial officer, treasurer - an officer charged with receiving and disbursing funds Jennette Bradley's Office for the State of Ohio's Ohio Centric Student Loan Program. The Ohio Centric program was established in 2000 by the State of Ohio to ensure that the State committed a portion of its annual volume cap for private activity bonds to benefit Ohio schools and students. KnowledgeWorks Foundation was then selected to administer the program. Through the Ohio Centric Program, the State of Ohio will help create college access programs for Ohio students. These programs will be funded via surpluses from the Ohio Centric Program's tax-exempt bonds Tax-exempt bond A bond usually issued by municipal, county, or state governments whose interest payments are not subject to federal and, in some cases, state and local income tax. tax-exempt bond See municipal bond. , issued by State Treasurer Bradley's Office. In addition, using tax-exempt financing enables KnowledgeWorks and the State of Ohio to reduce the interest rate on student loans and create other borrower benefits for Ohio students or students attending Ohio institutions of higher education higher education Study beyond the level of secondary education. Institutions of higher education include not only colleges and universities but also professional schools in such fields as law, theology, medicine, business, music, and art. . The Ohio Centric Program also helps create increased liquidity in the Ohio student loan market. For more information about the Ohio Centric Student Loan Program, visit www.kwfdn.org or call Matt Williams Matt Williams can refer to different people:
About KnowledgeWorks Foundation KnowledgeWorks Foundation is Ohio's largest public education philanthropy philanthropy, the spirit of active goodwill toward others as demonstrated in efforts to promote their welfare. The term is often used interchangeably with charity. . KnowledgeWorks Foundation provides funding and leadership for education initiatives throughout the state, and is focused on creating and improving educational opportunities. KnowledgeWorks is committed to sharing knowledge gained and lessons learned with others in Ohio and across the nation to help inform public policy. Learn more about KnowledgeWorks Foundation at www.kwfdn.org. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion