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Educational Direct Gives $100,000 To Help Make College Dreams Come True for Students

Educational Direct Gives $100,000 To Help Make College Dreams Come True for Students

Published 03-09-07

Submitted by Educational Direct

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BETHESDA, Md.--(BUSINESS WIRE)--Educational Direct, one of the nation’s leading student loan lenders, today announced a $100,000 donation to the DC-based Hoop Dreams Scholarship Fund (HDSF), the company’s scholarship fund of record. This is the fifth consecutive year that Educational Direct and HDSF have teamed up to support the educational aspirations of youth and this year’s contribution represents the largest single donation the company has ever made.

Founded in 1996 by a local school teacher, the HDSF provides aspiring college students with college prep mentoring, SAT courses and internship opportunities, as well as financial scholarships.

"Hoop Dreams is doing more than just providing the financial support that so many kids need to make the leap to college," said Devin Schain, Co-Founder Educational Direct. "Freshman year can be an overwhelming experience for any young adult. Through one-on-one mentoring and prep classes, Hoop Dreams is laying the groundwork for successful college careers. That is why we are proud to once again name Hoop Dreams our scholarship fund of choice for Educational Direct."

Since 1996, the Hoop Dreams Scholarship Fund has awarded more than 1,100 academic college scholarships and renewals, totaling approximately $2.5 million. In addition, Hoop Dreams has brought together over 800 students and mentors from the local business community through its year long college prep mentoring program; facilitated hundreds of internships; engaged over 1,000 volunteers in community work; and helped coach nearly 400 students through the Princeton Review SAT prep program "“ all free of charge.

"Hoop Dreams is about building relationships and responsibility," said Susie Kay, Founder Hoop Dreams. "We are very proud of the fact that many of our Hoop Dreams college graduates have returned to volunteer and mentor with the organization, completing the circle of community service. Most of our students are the first in their family to go to college. Hoop Dreams remains deeply committed to uniting the community and building bridges while supporting our local students and their dreams. We are thankful for the ongoing support of Educational Direct to help make those dreams real."

About Educational Direct

Educational Direct serves tens of thousands of students and college graduates nationwide as a leading and trusted provider of student loan services. With personalized and superior customer service, Educational Direct is an established leader in student loan consolidation and offers solutions that allow students to substantially reduce monthly federal student loan payments with great borrower benefits. The company is headquartered in Englewood, New Jersey, with additional offices in Bethesda, Maryland. Please visit www.educadirect.com for more details and information.

About Hoop Dreams

Hoop Dreams aims to provide inner-city youth with opportunities to develop skills, access resources and forge connections that will support their healthy development, academic achievement and life success. In the past year alone, Hoop Dreams has provided $250,000 in scholarships to 160 public high school graduates; placed 33 high school seniors in paid internships; administered the Hoop Dreams intensive college prep mentoring program to 85 inner city youth and nearly 100 adults and helped 65 high school seniors increase their SAT scores through The Princeton Review prep courses offered free of charge through Hoop Dreams.

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Copyright Business Wire 2007

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