A person working at a desk filled with engineering blueprints, using a caliper and pencil, with a toolbox, notebook, and various tools nearby.

Hawai‘i Renewable Learning Fund

Impact Investments, Education, Workforce & Economic Mobility

Highlights

$2.5MRevolving loan fund to upskill residents, address key labor needs, and drive economic development for Hawaiʻi

Social Finance is partnering with philanthropic funders, The College of Engineering at the University of Hawaiʻi, and Hawaiian engineering firms to help Hawaiʻi residents earn engineering degrees and meet the talent needs of local firms.  

$58-89K

Expected starting salary for engineers in Hawaiʻi

The Hawaiʻi Renewable Learning Fund provides zero-interest, no-fee loans to low-income college students to cover their remaining costs of attendance after grants and scholarships. After graduation, if a student earns above $50,000, they pay back their loan through fixed monthly repayments for up to five years. If they earn less than this minimum salary, they may apply for an income-based deferment and have a $0 monthly repayment obligation. All loans repayments are recycled back into the fund to support future students.  

The Fund is partnering with local employers to offer loan repayment assistance to graduates who accept and remain in positions with their companies.

For Interested Students

How It Works

A person wearing a gray jacket and earphones is closely examining a device on a table next to a large, cylindrical machine in a workshop or lab setting.

About the College of Engineering at the University of Hawaiʻi

The College of Engineering at the University of Hawaiʻi offers B.S. degrees in Civil and Environmental, Computer, Construction, Electrical, and Mechanical Engineering, as well as Engineering Science (Aerospace and Biomedical focuses). A leading education and research institution, the College of Engineering awards 250 bachelor's degrees each year. Graduates experience strong job placement outcomes, thanks in part to the College's relationships with local employers.

"By recycling every dollar repaid back into the Fund, we’re able to continuously support more students than we could using traditional loan or scholarship models. With this Fund, we are supporting public education while investing in the sustainable economic development of Hawaiʻi.

Alex Harris

Vice President of Programs at the Harold K.L. Castle Foundation

Partners and Supporters

Related Work