We are now living in an era where PhD-level knowledge across all domains is literally at your fingertips. With the rise of artificial intelligence (AI), the old saying “knowledge is power” has fundamentally changed. The game is no longer about what you know — because now, anyone with curiosity and discipline can access world-class knowledge instantly.
In this AI-driven world, truth rises as the only thing that matters — and the definition of truth, according to Di Tran, founder of Di Tran University, is simple: Action.
“The only truth that matters is what you actually do,” says Di Tran. “Count your actions — and more importantly, count the actions that add value to yourself and to others.”
It is this philosophy of value-driven action that defines success in the modern world. The next level of personal growth is not just about learning — it’s about contributing. It’s about serving others while simultaneously improving yourself so that you become a better asset every day — with greater capacity to take even more meaningful action.
AI is the ultimate tool — it has taken the very thing that used to separate the elite from the rest (knowledge), and made it universally accessible. The new differentiator is no longer access to knowledge — but implementation of that knowledge.
Anyone can rise — if they are willing to ask the right questions and pursue answers.
Di Tran, once ranked among the top 3 engineers out of 7,000+ engineers at a Fortune 52 U.S. company, shares:
“I wasn’t the smartest person in the room. But I knew how to ask the right questions. It’s not about having all the answers — it’s about knowing how to find the answers, how to apply them, and how to take action.”
And this is precisely the key to thriving in today’s AI world. Those who learn to harness AI — who ask the right questions, implement knowledge, and take meaningful action — will rise. Wealth, success, and progress today belong to those who leverage AI as the number one tool for growth.
Have fun with this era — because we are living in the greatest time in human history. There are no limitations anymore — except those we place on ourselves.
Action is truth. And in the AI world, those who act will lead.
In a deeply moving moment of cultural pride and community unity, Louisville hosted a powerful event on May 7, 2025, celebrating Asian American and Pacific Islander Heritage Month—featuring two extraordinary Vietnamese-American women whose lives, stories, and leadership inspire across generations.
The public event, held at Americana World Community Center, took place right next door to Saint John Vianney, the only Vietnamese Catholic church in the state of Kentucky. Together, these two community landmarks served as the heart of a gathering filled with conversation, connection, and celebration.
Vy Truong: A Pillar of Care, Leadership, and Service in Louisville
At the center of this event was Dr. Vy Truong, a respected pharmacist, entrepreneur, and community leader who embodies the spirit of service in all she does. As the CEO of Kentucky Pharmacy and COO of Louisville Beauty Academy, Vy’s mission has always been to elevate the underserved through access to healthcare, education, and compassionate support.
Born in Vietnam and educated through 12th grade before immigrating to the U.S., Vy represents the “1.5 generation”—bringing deep cultural roots while rising as a leader in the American professional landscape. She completed her Doctor of Pharmacy degree in Boston, Massachusetts and is currently licensed to practice pharmacy in Massachusetts, Kentucky, and Indiana. Her work has been recognized through multiple honors, including the 2025 MOSAIC Award, the Family Business Award, and her growing presence as a leading woman in healthcare equity.
What sets Vy apart is not only her resume, but her heart. She constantly steps up—volunteering her time, offering her leadership freely, and lifting others without hesitation. Moderating this high-profile conversation with author Susan Lieu, Vy once again led with grace, humility, and a genuine commitment to elevate her community.
Susan Lieu: A Story Rare Even Among Vietnamese-Americans
On the other side of the stage stood Susan Lieu, a Harvard and Yale business graduate, whose story captivated the audience. Born in the U.S. to refugee parents, Susan’s memoir, The Manicurist’s Daughter, explores the loss of her mother to a botched cosmetic surgery and the intergenerational trauma that followed.
What makes her story so rare—both in the Vietnamese and broader American context—is how she channels that trauma into healing, through bold storytelling, art, and activism. Despite her Ivy League education, Susan’s roots lie in the same nail salon world so many Vietnamese families know—making her both relatable and revolutionary. Her book has been named a Best Book of 2024 by NPR, Smithsonian Magazine, and ELLE, and her voice is quickly becoming one of the most important among the Vietnamese diaspora in America.
Where Culture Meets Faith, Healing, and Hope
This unforgettable event didn’t just happen in isolation—it was shaped by the spirit of Louisville itself. At Americana, families, youth, and elders gathered to hear stories that reflected their own struggles and strength. Immediately after, many walked next door to Saint John Vianney Church, where community members mingled with Susan Lieu, discussed the topics raised, and shared in a sacred moment of cultural reflection.
Featured by WHAS11 News, this moment served as a perfect tribute to AAPI Heritage Month, shining a light on the Vietnamese-American experience in Kentucky—a story of resilience, service, sacrifice, and rising together.
In a city like Louisville, where immigrant roots grow into leadership, and where Vietnamese voices are rising stronger every year, this was more than an event. It was a testament to the beauty of cross-generational Vietnamese-American impact—where one woman (Vy Truong) uplifts through healthcare and direct service, and another (Susan Lieu) heals through words, performance, and truth.
This is the beauty of Louisville. This is the power of Vietnamese women. This is America at its best.
How students, schools, and donors can thrive without federal loans – inspired by the Louisville Beauty Academy and Di Tran University model
A New Reality: The Post-Federal Student Aid Era
Federal student loan programs are undergoing seismic changes. Forgiveness plans are stalled, and traditional aid like FAFSA is no longer a sure lifeline. In fact, income-driven repayment and Public Service Loan Forgiveness (PSLF) have effectively been blocked or suspended – leaving many borrowers with monthly payments that quadrupled, some soaring to $900–$5,000 . Defaults are rising, credit scores are plummeting, and families are questioning the true cost and worth of an expensive college education .
A news alert from early 2025 announcing plans to dismantle the U.S. Department of Education. Such changes underscore the urgency for alternative education models.
This may sound alarming, but there’s a silver lining. With the decline of easy federal money, real value and honest pricing are back in focus. We are witnessing “the end of the federal free-money era” and perhaps the best thing that’s happened to education in decades . Schools now must compete on price and outcomes, not on access to government funds . And students are seeking faster, affordable pathways to careers. In this new reality, cash-based, debt-free education isn’t just a niche – it’s becoming the sustainable path forward .
One shining example leading this transformation is Louisville Beauty Academy (LBA) in Kentucky. LBA has shown that quality education doesn’t require taking on a six-figure loan – or any loan at all . And with the forthcoming Di Tran University initiative, this model is set to expand nationally as a future-ready approach to learning . Below, we offer guidance for students and schools to navigate this post-federal-aid era, and explain how nonprofits and donors can play a pivotal role.
For Future Students: Choosing Debt-Free, Cash-Based Education
If you’re a prospective student, the old “borrow now, pay later” mindset is fading fast. The collapse of federal aid programs means it’s time to plan your education around what you can afford, not what you can borrow. That doesn’t mean compromising on your dreams – it means pursuing them in a smarter, debt-free way. Look for schools and programs that prioritize transparent, pay-as-you-go tuition and practical skills.
Consider vocational and career-focused institutions like Louisville Beauty Academy or the upcoming Di Tran University network. These schools offer accredited training that you can pay for in real time, avoiding the debt trap. At LBA, for example, students don’t take out loans at all – they simply pay modest monthly installments and finish their program quickly . The result? Graduates enter the workforce with no debt weighing them down.
As you evaluate your options, seek programs where you can:
• Pay tuition in monthly installments with zero interest. The best schools today allow you to “pay as you go” on an interest-free plan instead of demanding lump sums . (At LBA, some plans start at just $100/month !)
• Finish training in a year or less. A shorter program means you start earning sooner. Most LBA students, for instance, graduate in under 12 months .
• Earn a recognized credential or license. Make sure the program leads to a tangible qualification (e.g. a cosmetology license, IT certificate, etc.) that employers value .
• Benefit from job placement support. Schools that partner with local employers give you a direct pipeline to a job after graduation . (LBA works with area salons and spas so graduates often walk straight into employment.)
• Avoid taking on any debt. This is key – confirm that the school’s payment plans or scholarships can cover costs so you don’t need federal loans or costly private loans .
Louisville Beauty Academy checks all these boxes ** **. With tuition capped under $7,000 (including supplies) – roughly half the cost of other beauty schools in the region – LBA has redefined value in education . It even offers a tuition-match guarantee (they’ll match a competitor’s lower price, if found) . This kind of student-first, cash-pay model is likely to become the norm. As a future student, aligning your plans with such debt-free programs will set you up for success in the new landscape.
And it’s not just about beauty school. Di Tran University, now in development through a partnership between LBA and the nonprofit New American Business Association (NABA), aims to bring this model to a range of career fields . The focus will be on purpose-driven, human-centered professions that AI can’t replace, from wellness to skilled trades . By the time you’re enrolling, you might find a Di Tran University campus or affiliate in your region offering low-cost, employment-focused degrees in fields like healthcare support, tech maintenance, or design – all on a cash-pay basis. In short, debt-free education isn’t a limitation, it’s an upgrade to a more practical and empowering college experience.
For Current Students: Navigating Rising Loan Payments and Uncertainty
What if you’re already in college or graduate school and counting on programs like IDR or PSLF to manage your loans? Many students in 2025 have been hit with an unpleasant surprise: with forgiveness programs stalled, loan bills have come due at full force. You might be seeing payments now that are several times higher than what you budgeted for . Don’t panic – there are actionable steps you can take to regain control of your education and finances:
1. Reevaluate Your Education Path. It’s OK to pivot if the costs have become unmanageable. Consider transferring to a more affordable institution or a community college to finish your degree. Even if you’ve completed a lot of credits, doing your last year at a school with lower tuition can save you thousands. For example, some students choose to transfer into Louisville Beauty Academy’s instructor training or specialized programs, gaining a marketable credential at a fraction of the cost they were paying elsewhere (LBA’s full program costs are often half of similar programs in neighboring states ). Every semester you pay in cash (instead of borrowing) is less debt on your shoulders.
2. Supplement with Low-Cost Certifications. If transferring schools isn’t practical, you can still boost your employability without more loans. Look into short-term courses or certifications you can pay for out-of-pocket. Perhaps you’re pursuing a bachelor’s but worried about its job prospects – you could take weekend classes in, say, esthetics or coding at a cash-pay school. Schools like LBA even offer 3-day microblading courses and other quick skill programs that are affordably priced . Such additional qualifications can help you earn income (or a better job) while you finish your main degree, easing the pressure of loan repayment.
3. Use No-Interest Payment Plans. If you remain at your current college, avoid piling on new loans for living expenses or remaining tuition. Ask if you can spread out payments. Many schools are starting to offer installment plans. Take inspiration from LBA’s model – their students finance their education through interest-free monthly payments . Even if your school charges a small fee for a payment plan, it’s worth avoiding high-interest loans or credit cards. The key is to budget month-to-month. Work part-time if you can and funnel those earnings directly into these monthly tuition payments. It requires discipline, but it prevents new debt from accruing.
4. Seek Employer or Community Support. Now is a great time to tap into any tuition assistance programs. Does your employer (or a parent’s employer) offer education benefits? Some companies will pay for a portion of your schooling if it relates to your job or if you commit to working for them for a time after graduation. Similarly, local nonprofits and workforce development programs might offer grants if you’re training in a high-demand field. At Louisville Beauty Academy, they’ve pioneered employer-sponsored tuition: local salons and spas help co-fund students’ tuition in exchange for a commitment to work there after licensure . Think of it as a work-back scholarship. Even if you’re not in cosmetology, you can propose a similar idea to businesses in your industry – many are eager to invest in talent. Don’t hesitate to reach out to community foundations or trade organizations as well, which often have scholarships for students in specific fields (nursing, teaching, IT, etc.) especially when public funding is uncertain.
5. Communicate with Your Lenders. This is more reactive, but if you truly cannot meet the new payment requirements, talk to your loan servicer. While federal programs are in flux, you might still explore options like refinancing with a private lender at a lower rate or extending the term of your loan (caution: that can increase total interest, but it can give breathing room now). Some states are discussing stopgap measures or temporary relief funds – for example, there’s attention on state-level initiatives to support students as federal aid contracts . Stay informed on any programs in your state. The bottom line: don’t just default without exploring alternatives. Protect your credit if you can, and use the above strategies to lighten the load.
Most importantly, keep looking forward. Even if you reduce your course load to work more, or switch schools, you are still on the path to your goal. Many of your peers are in the same boat, rethinking plans and making tough choices. By choosing the smarter, leaner route now, you’ll emerge in a few years with credentials and a manageable financial situation. The end of easy loans doesn’t mean the end of your dreams – it just means you’ll achieve them with more resilience and resourcefulness. And that’s something to be proud of.
For Schools: Adapting to a World Without Federal Aid
Educational institutions themselves face a reckoning. If you are an administrator or school owner reliant on federal student aid (Pell grants, federal loans, etc.) for your enrollment and revenue, the changes in policy can seem dire. But schools that adapt swiftly can not only survive – they can lead in this new era. Here’s how existing schools and colleges can adjust their strategy:
Embrace Transparency and Affordability. With federal funds drying up, prospective students and families are laser-focused on cost and outcomes. It’s time to take a hard look at your tuition and fees. Trim the fat wherever possible – find efficiencies in operations so you can lower tuition sticker price and still cover costs. The goal is to reach a price point that students can reasonably pay out-of-pocket or with minimal financing. Louisville Beauty Academy’s success is instructive: LBA caps tuition for its programs under $7,000 (inclusive of books and kits) , far below competitors charging $12k–$25k. Yet LBA still delivers quality training and has a profitable business model. How? It operates lean, employs multi-skilled staff, and avoids expensive frills that don’t serve learning. By competing on price and value rather than amenities, you can attract the growing pool of cost-conscious students. Remember, when students ask “How quickly can I get trained and start working?”, you want to have a compelling answer . Schools that can proudly advertise transparent, low tuition and strong job placement rates will have the edge when loans are no longer footing the bill.
Adopt (or Partner on) the Di Tran Model. One innovative approach for schools is to separate the educational mission from property ownership and investor pressures. The Di Tran University model, pioneered in Louisville, does exactly this: it uses nonprofit and community investor funding to purchase campus facilities, while the school itself runs on a cash-flow (tuition-funded) basis . In practice, that means your school might partner with a nonprofit that raises donations to buy your building or build your next location. Freed from mortgage or lease costs, you could charge much lower tuition. LBA is already doing this for its expansion – new campuses in Lexington, KY and beyond are being financed entirely through philanthropic investments in real estate . The school then simply operates in those buildings, charging students only what’s needed for instruction, not to cover capital expenses. It’s a revolutionary yet simple idea: donors fund the infrastructure, students fund the education. If you’re a school owner, consider reaching out to partner with initiatives like NABA or Di Tran University. By collaborating, you might transform your institution into a branch of a broader, mission-driven network. Di Tran University is actively designing a scalable national network of purpose-based colleges anchored in affordability and real employment outcomes – why not be part of that future? Schools can share curriculum resources, pooled marketing, and the credibility of a larger brand, all while maintaining local autonomy in day-to-day teaching. The blueprint is replicable: Louisville Beauty Academy proved it works, and now Di Tran University and NABA are ready to help other schools adopt the model .
Leverage Local Funding and Legislation. In the absence of federal dollars, look closer to home. Many state governments and city councils are investing in workforce development and vocational training. Kentucky, for example, authorized $75 million in 2024 to upgrade vocational schools and facilities – money that schools like yours could tap into. Engage with your state’s education officials and lawmakers. Make the case for why your program is essential for the local economy and how funding infrastructure or scholarships for your students will pay off in job creation. LBA has been working directly with Kentucky’s legislature to ensure vocational education receives funding and facility grants . Your school can likewise become a local champion for affordable education. Pursue grants, propose public-private partnerships, and show that by investing in your school, the community is effectively investing in its own workforce. Additionally, strengthening ties with local employers can attract sponsorships – hospitals might support nursing programs, tech companies might sponsor an IT academy, etc., especially if those employers get a pipeline of trained graduates in return.
Double Down on Outcomes. Lastly, a strategic shift for any school now is to prioritize job outcomes over degrees-for-degrees’ sake. In a debt-free education model, the question isn’t “How many years is the program?” but “What will graduates be able to do and earn?”. Align your curriculum with industry needs. Shorten programs if you can, or break them into smaller certificates that stack into a degree – allowing students to hit milestones and gain employable skills each step of the way. For example, instead of a 4-year all-or-nothing program, consider offering a 1-year diploma with an option to continue further. Students may opt to start working after the first credential and come back later for more, paying as they go. Flexibility will be key. When your alumni succeed, spread the word: testimonials of students who graduated debt-free and found good jobs are powerful. In the post-federal-aid world, schools must prove their worth every day. The good news is, if you genuinely equip students to “gain real skills that help them serve others and thrive,” you’ll earn trust and reputation . Those institutions that remain stuck in the old tuition-and-loan cycle, however, will struggle to survive. So be proactive, be creative, and make affordability and employability your competitive advantages.
The Power of Nonprofits and Donors: A Generational Solution
A cornerstone of the LBA/Di Tran model is the strategic use of nonprofit support and donor funding to achieve debt-free education. The New American Business Association Inc. (NABA) – a 501(c)(3) nonprofit co-founded by entrepreneur Di Tran – illustrates how this works. NABA’s mission is to enable affordable education and entrepreneurship, and one of its tactics is buying real estate for schools through charitable donations. This approach has tremendous advantages:
• Donor funds go toward capital assets, not operating costs. Instead of writing a check that a school might use up on salaries or advertising, donors to NABA know their contributions are used to purchase or build educational facilities . For instance, a wealthy alum or community member might donate $100,000 which NABA then uses as a down payment on a new building for a school campus. All of a sudden, the school doesn’t have a landlord or bank loan to pay. By lifting that burden, the school can charge students only for the remaining expenses (instructors, materials, utilities, etc.). In other words, owning the building outright allows the academy to offer tuition at a bare-minimum price – truly just the cost of education.
• Long-term stability and legacy. When a nonprofit owns a school building, it’s essentially creating an asset that will serve students for generations. A group of baby boomer donors, for example, can pool resources through NABA to buy a facility in their hometown that becomes “Di Tran University – [City Name] Campus.” That campus could educate thousands of young people over the next few decades, all tuition-funded with no debt required. Donors love this model because it creates a real, tangible legacy. As NABA puts it, they are helping build “real estate-backed legacies that house learning for decades to come.” It’s more impactful than a one-time scholarship – it’s an investment in the community’s educational infrastructure. And if needed, those buildings can even serve as collateral to secure additional low-interest funds or grants, ensuring long-term sustainability . It’s a virtuous cycle: community funding builds the school, the school produces skilled graduates who strengthen the community, and the presence of a successful school increases the value and vibrancy of the community’s economy.
• Tax benefits and incentives. The partnership between nonprofits and education isn’t just good-willed – it’s supported by law. Donations to a qualified 501(c)(3) like NABA are tax-deductible for the donor under federal law . That means individuals or businesses contributing to these projects can often write off the donation, reducing their tax liability. This incentive can be a huge motivator, especially for donors who are nearing retirement and looking to give back (while also managing their taxable estate or required distributions). On the school side, having a nonprofit own the property can confer tax advantages too. In Kentucky, for instance, property owned and used by an educational nonprofit is exempt from state and local property taxes . That’s a significant saving year after year. The nonprofit can also often access grants and public funds that a for-profit school might not qualify for, further boosting the resources available. In short, the government encourages educational philanthropy through these tax mechanisms – it’s a win-win for donors and schools.
• Public trust through transparency. Nonprofits are required to be mission-focused and transparent in their finances. NABA, for example, must report on how donations are used to further its educational and charitable mission. This transparency builds trust with donors and the public. A donor can see that 100% of their gift went into a building fund, not into some administrative black hole. And the community can see the nonprofit’s board and leadership are stewards of the mission, not profiteers. This matters because unfortunately some for-profit colleges in the past have earned bad reputations for taking student loan money and providing little value. In contrast, a nonprofit-backed school model signals accountability. The school isn’t trying to maximize profit; it’s trying to maximize impact. That narrative not only attracts donors but also appeals to students and parents who are understandably skeptical these days. It’s comforting to enroll in a school that’s supported by community leaders and run with a service mindset.
The New American Business Association (NABA) has been actively championing this approach. Every dollar NABA raises is funneled into expanding Louisville Beauty Academy and establishing Di Tran University branches across the country . They call upon those who have done well in life – often local business owners or retirees – to invest in the next generation by funding education facilities . And many are answering that call. If you’re a potential donor or even a school leader, consider joining forces with such a nonprofit. Whether through direct donations, offering land or buildings you own, or forming a local advisory partnership, you can be part of a new legacy. As one LBA initiative slogan puts it, “No Debt, No Stress” for students, enabled by the generosity and foresight of community supporters. With relatively modest contributions pooled together, we can create permanent, debt-free educational opportunities in communities nationwide.
Legal Foundations: How This Model Stands Up Under Law
It’s important to address the legal context that makes all of the above possible. What may seem like uncharted territory – nonprofits owning school property, or charities partnering with for-profit colleges – is actually supported by a framework of federal and state laws.
Nonprofit Ownership of Educational Property: In the U.S., nonprofits (especially those with 501(c)(3) status) are not only allowed to own property, it’s common – think of churches, private universities, or charities that own thrift stores. The key is that the property must be used to advance the nonprofit’s tax-exempt purpose. Education is a recognized charitable purpose. Under Kentucky law, for example, the state constitution (Section 170) explicitly exempts from property tax any real estate owned by institutions of education or purely public charity, as long as it’s not used for private gain and the income is devoted solely to the cause of education . This means if a nonprofit like NABA acquires a building and uses it for a school like LBA or Di Tran University, that property is typically not subject to property tax – a substantial legal benefit that keeps overhead low. Federally, a 501(c)(3) nonprofit can also earn rental income or other revenue from a property it owns tax-free, provided that income is related to its mission (education, in this case) . In practice, if NABA owns a campus and the school (even if technically a for-profit company) pays a nominal rent, NABA can use that rent money entirely for its educational mission, with no federal income tax on it (and likely no state tax either, per Kentucky statutes) . Nonprofit property ownership for education is not only legal; it’s encouraged via these tax exemptions that acknowledge the public good being served.
Partnerships Between Nonprofits and For-Profit Schools: Can a nonprofit and a for-profit really work together without running afoul of IRS rules? Yes – if done correctly. The IRS has provided guidance on this in what are known as “joint venture” rulings. A landmark ruling in 2004 (Revenue Ruling 2004-51) clarified that a 501(c)(3) nonprofit can participate in a joint venture with a for-profit entity without jeopardizing its tax-exempt status, so long as certain conditions are met . Chief among those conditions: the venture must further the nonprofit’s exempt (educational) purpose, and the nonprofit must retain enough control to ensure its charitable mission prevails . In practical terms, this could mean the nonprofit and the school form a partnership or an LLC to own a campus or run a program, with governance shared 50/50, and the nonprofit having veto power over any decisions that stray from the educational mission . The IRS also requires that the arrangement not unduly benefit private interests – the classic “private benefit” test . The nonprofit’s involvement has to be exclusively in furtherance of its mission, and any benefit to the for-profit (like earning revenue or enhancing its business) should be incidental to achieving the educational purpose . What does this mean for, say, NABA and Louisville Beauty Academy? It means NABA could legally own a stake in the school or its assets, or run a program jointly with LBA’s owners, as long as educating students (not making money) is the driving goal. The contracts (lease agreements, etc.) would need to be at fair market value and negotiated at arm’s length, to ensure neither side is getting a sweetheart deal. When structured properly, such partnerships are not only legal – they’re increasingly common in healthcare and education sectors where private and public interests intersect. The law essentially says: so long as the nonprofit partner keeps the venture aligned with its public-service mission, it can work with for-profit entities as a force multiplier. This legal flexibility is what allows Di Tran University (a not-for-profit initiative under NABA) to collaborate with a for-profit like LBA to everyone’s benefit. The nonprofit brings in donations and oversight, the for-profit school brings in educational expertise and agility, and together they serve more students. It’s a model fully within the bounds of federal law, and state law will generally respect the same boundaries.
Tax-Deductible Donations and Funding: As mentioned, one of the biggest legal incentives powering this movement is the tax deductibility of donations. Under Section 170 of the Internal Revenue Code, donations to a 501(c)(3) are tax-deductible to the donor (assuming they itemize deductions) . If a retired individual donates $10,000 to NABA, that may reduce their taxable income by $10,000, which can be a sizeable savings come tax time. Businesses can often deduct charitable gifts as well. Moreover, the nonprofit itself is tax-exempt, so it can use the entire donation for its mission – none of that gift will be lost to income taxes. Donors can also give in non-cash ways: donating appreciated stock (getting a deduction for market value and avoiding capital gains tax), or donating property directly (which is how some schools obtain their buildings). These tools are encouraged by tax policy because Congress wants to promote private support of education and other charitable causes. On the state level, many states echo these tax breaks. Kentucky, for instance, not only provides property tax exemption as discussed, but also exempts nonprofit educational organizations from state income tax and even certain sales taxes . The legal context is actually very favorable for what LBA and Di Tran University are doing. It’s simply a matter of more people learning about these opportunities and taking advantage of them.
In summary, both federal and Kentucky law provide a solid foundation for this new educational model. Nonprofits can own and support schools (and are rewarded with tax incentives for doing so), public-private partnerships in education are permissible when focused on the public good, and donors are encouraged through tax benefits to invest in educational causes. All the legal pieces are in place; it’s now about execution and awareness.
Conclusion: A Future of Opportunity and Optimism
Standing at the crossroads of an educational revolution, it’s clear that the end of the easy-loan era is not a disaster – it’s a turning point. We are returning to the roots of what education is supposed to be about: learning useful skills, at a reasonable cost, to better oneself and one’s community . The Louisville Beauty Academy has demonstrated that this ideal is achievable today, not in some distant future. Every day, LBA students gain valuable professional skills without taking on debt, proving that motivation, mentorship, and a modest monthly payment can accomplish what massive loans never could . Now, with New American Business Association and Di Tran University expanding this blueprint nationally, the potential exists to replicate this success across all kinds of fields and regions .
For students, this future means freedom. You can pursue your passions without the specter of decades-long debt. You can enter adulthood ready to build wealth, not pay off interest. For educators and schools, it means a refreshing realignment with student interests – no more gaming the loan system, but rather truly serving learners in a competitive marketplace where quality and cost matter. For donors and community leaders, it means a chance to leave a legacy that genuinely changes lives, by putting education back into the hands of the community. Instead of lamenting the loss of federal support, you are part of the solution, innovating new ways to uplift the next generation.
Is this a easy transition? Of course not. There will be growing pains. Not every institution will adapt successfully. But those who innovate and stay student-centered will thrive. The writing is on the wall: “Cash-based education is back.” People want it, and America needs it. If you’re reading this as a student, take heart – there are more paths and second chances now than ever, especially as the debt-free education movement gains steam. If you’re an educator or policymaker, know that what might seem like an upheaval is actually an opportunity to fix long-standing issues of access and equity. We can create an education system where students graduate ready to contribute, without the ball-and-chain of debt holding them back.
Louisville Beauty Academy’s story is just the beginning. It shows what’s possible when we put people over profit and community over bureaucracy . As this model spreads through ventures like Di Tran University, we may well look back on this decade as a time of positive transformation in American education. Together – students, schools, donors, and communities – we can ensure that affordable, practical, and inspirational education is available to all, no matter what changes come from Washington. The post-federal-aid era, in the end, might just be the era that empowers millions to chase their American Dream without fear or hesitation. And that is something to be genuinely excited about.
In the heart of Louisville, inside a room filled with the warmth of leaders who care deeply about Kentucky’s future, Di Tran found himself surrounded by the energy of purpose — and in the presence of a living example of that purpose: Dr. Eli Capilouto, President of the University of Kentucky.
This was no ordinary luncheon at the Rotary Club of Louisville. This was a meeting of minds, hearts, and missions — an intersection where higher education, workforce development, and immigrant dreams came together to illuminate the path forward for Kentucky.
As Dr. Capilouto shared his vision, his words resonated powerfully: “Strong colleges, strong education — they make a strong state.” For Di Tran, this was more than a statement; it was personal truth. It was his own life story. As an immigrant who arrived in the United States with no English, who worked his way from factory floors to earning both his Bachelor’s and Master’s in Computer Engineering and Computer Science from the University of Louisville, Di Tran knows firsthand the transformative power of education.
And now, as the founder of Louisville Beauty Academy, Louisville Institute of Technology, and Di Tran University, Di Tran stands at the forefront of adult education and workforce development — serving new immigrants, working adults, underserved communities, and the future workforce of Kentucky. His vision is to remove every barrier to education and empower individuals to transform their own lives through skills, certifications, and real economic opportunity.
Gratitude filled the air as Di Tran sat in the very halls where his own educational journey began, listening to the President of the University of Kentucky, whose leadership is steering a $7 billion infrastructure transformation across UK — a reinvestment into Kentucky’s educational foundation, ensuring that future generations have the tools to thrive in a rapidly evolving world.
Di Tran didn’t just hear Dr. Capilouto’s words — he absorbed them, the way a lifelong learner absorbs every lesson life offers. This is what Di Tran does — he takes every experience, every interaction, and turns it into fuel for his mission. Whether it’s his beauty schools, his IT training programs, or his nonprofit initiatives through the New American Business Association, Di Tran’s work bridges education and workforce — transforming learning into livelihood.
In that moment, Di Tran and Dr. Capilouto were not just two leaders at a luncheon — they became a symbol of what’s possible when visionaries from different walks of life unite in service to education. From top-tier university leadership to grassroots adult education programs, from immigrant entrepreneurs to academic pioneers — together, they form the complete ecosystem Kentucky needs to thrive.
Di Tran left the Rotary Club not just inspired — but charged with a renewed sense of duty. To honor those who educated him. To uplift those who, like him, dream of a better future through learning. And to build an education and workforce pipeline that spans every age, every community, and every person willing to learn, work, and rise.
Because in Kentucky, education is not just about degrees. It’s about dignity, opportunity, and creating a future where everyone belongs. And with leaders like Dr. Capilouto shaping institutions and leaders like Di Tran shaping communities — Kentucky’s future is unstoppable.
Di Tran’s Story — In Case You Didn’t Know:
• Vietnamese immigrant arriving in the U.S. at 12 with no English.
• Graduated from University of Louisville with BS and MS in Computer Engineering & Computer Science.
• Founder of Di Tran Enterprise, Louisville Beauty Academy, Louisville Institute of Technology, Di Tran University, and more.
• Award-winning entrepreneur: 2024 Most Admired CEO, Mosaic Award Recipient.
• Published author and relentless advocate for adult education, immigrant success, and workforce development.
• Featured in Louisville Business First, WDRB, and WLKY for his innovative work.
• Leading workforce development programs tied directly to affordable housing, beauty licensing, IT training, and AI education.
• Deep believer in faith, service, and gratitude as the foundation of every success.
This is not just Di Tran’s story — it’s Kentucky’s story. And it’s just getting started.
As I sit down to write this letter, I am overwhelmed with gratitude for the blessing of being your father. Jayden, you are 10. Skylar, you are 9. Dylan, you are 7. You are still young, but I already see glimpses of the strong, purposeful men you will become. This letter is not just for the three of you, but for all sons, young and old, who are navigating their journey to manhood.
You are growing up in a time of extraordinary convenience, where technology brings the world to your fingertips. With a click, you can connect to your family, learn about the world, and have your needs delivered almost instantly. Yet, I want you to remember this: being a man is not about convenience. It is about character. It is about responsibility. It is about stepping into your purpose and living with strength, integrity, and kindness.
Be Present, Be Strong
The world you are growing up in moves at an incredible pace. Everyone is chasing something—scrolling through screens, rushing through moments, searching for what’s next. But, my sons, to be a man is to stand firm and be grounded in who you are. True strength lies in knowing how to stay still within yourself, even when the world pulls you in a thousand directions.
No matter what life throws at you, rise to the occasion. Tell yourself: “I am stronger than this.”
Every morning and every night, we pray together: “Thank you, God, for I am alive, I am strong, I am confident, I am a winner. I give 100% in all situations, in all conditions, in all environments, and in everything I do. I commit to adding value to myself, to others, and to the world.”
This prayer is more than words—it is a declaration of who we are. Remember, sons, your only competition is yourself from yesterday. Compare yourself to who you were, not to others. Strive to grow stronger, wiser, and more compassionate every day.
Actions Over Words
Let me share one of life’s most important lessons: It is always about actions, not opinions. It is always about creation, not description. Talking about what you will do means nothing unless you take steps to make it happen.
Invest in yourself—your mind, your body, and your soul. When you do this, you become an asset to your family, your community, and the world. Only when you have strengthened yourself can you truly add value to others.
Your mother and I work tirelessly every day—not because we must, but because we love to create, build, and grow. We start new businesses, solve problems, and interact with countless people daily. But it’s not just about work. It’s about purpose. And you, too, must live with purpose.
At your age, your “business” is your homework, your chores, your relationships, and your personal growth. Every time you make your bed, wash your dishes, help someone, or learn something new, you are laying the foundation for the man you will become. Every action matters, no matter how small.
Rise Through Responsibility
To “man up” does not mean pretending to be tough or invulnerable. It means taking ownership of your responsibilities. When life hands you challenges, don’t avoid them. Face them and say: “Let’s get to work.” Start small. Tackle one thing at a time. The best way to rise is to begin.
Every small act of responsibility—whether it’s doing your chores, showing gratitude, or saying “I’ll handle it”—builds a stronger version of yourself. And remember, sons, you are not competing with anyone else. You are only competing with who you were yesterday.
Love Imperfection and Fail Fast
Sons, imperfection is a gift. Failure is not something to fear—it is something to embrace. Your mother and I have failed more times than we can count. But each failure brought us closer to success.
Fail fast, and fail forward. Each failure teaches you something new. Each stumble is a step toward growth. The only true failure is to stop trying.
Be Grateful and Give Your All
Gratitude is one of the most powerful forces in the world. Every morning when you wake up and every night before you sleep, look up and say: “Thank you, God.” Thank Him for the day, for your family, for your health, and for the chance to give your all.
When you live with gratitude, you approach every moment, task, and challenge with your best attitude. And that is all anyone can ask of you: to give your all, every single time.
Protect What Matters
As men, we take risks. We step into the unknown. But in doing so, we must also protect what matters most—our core.
Your core is your spirit, health, and purpose:
Your spirit is your connection to God, your faith, and your values. Protect it by surrounding yourself with positivity and rejecting negativity.
Your health is your body and mind. Treat them with respect. Eat well, stay active, and keep your thoughts focused.
Your purpose is your “why.” It is the reason you wake up every day. Protect it fiercely and let it guide your decisions.
Take risks for the right reasons, but never compromise your core.
Simply Be
Being a man is not about doing more. It’s about being. Be present. Be strong. Be grateful. Be grounded in your purpose and values. In your hardest moments, when the world feels like it’s falling apart, your presence and positivity will be the greatest gift you can offer.
Our Prayer and Promise
Sons, as we pray together, we ask God to guide us, to strengthen us, and to remind us of who we are: “Thank you, God, for I am alive, I am strong, I am confident, I am a winner. I give 100% in all situations, in all conditions, in all environments, and in everything I do.”
This prayer is not just words. It is our promise. To live fully. To work hard. To love deeply. To rise every day and strive to be better than the day before.
Rise, Sons
Jayden, Skylar, Dylan—rise to every occasion. Rise above every challenge. Rise to become the men God created you to be. Accept imperfection. Embrace failure. Keep moving forward. Be strong, but be kind. Be courageous, but be humble. Be everything you already are—and more.
You are my sons, and I am endlessly proud of you—not for what you’ve done, but for who you are and who you are becoming. You don’t need to compare yourself to anyone else. You are enough. You are loved. You are capable of greatness.
Rise. Act. Thank God for every moment. And always protect your core.
Jefferson Community and Technical College (JCTC) continues to shine as a beacon of opportunity and empowerment in Louisville, particularly for underserved populations, including immigrants, refugees, and other underrepresented groups. Under the leadership of Dr. Ty Handy, JCTC has positioned itself as a transformative force in education, workforce development, and community revitalization.
Recently, Dr. Handy announced the Jefferson Rising initiative, a $90+ million downtown campus project designed to modernize the college’s facilities and enhance its ability to serve diverse populations. This project is more than a physical upgrade—it reflects a deep commitment to supporting students from all walks of life, including single parents, first-generation college students, adult learners, and individuals reentering education after years in the workforce.
Dr. Handy highlighted a unique aspect of JCTC’s student population: many are immigrants and refugees who speak over 80 different languages. These students often spend the entire day on campus, dropped off by their families in the morning and picked up at night. The new campus is thoughtfully designed to accommodate their needs, providing accessible resources and a welcoming environment that fosters success.
Di Tran, the President of Louisville Beauty Academy and Founder of Di Tran University, has long been a supporter of JCTC’s mission. As an immigrant himself, Tran has experienced firsthand the challenges and opportunities that come with building a life in a new country. He credits institutions like JCTC for helping individuals like him and his family find pathways to education and economic stability.
Tran has expressed deep appreciation for JCTC’s role in uplifting Louisville’s underserved populations. “JCTC is more than a college—it is a lifeline for so many in our community,” Tran has said. He points to the remarkable academic achievements of immigrant and refugee students, who often outperform their native-born peers, as evidence of their resilience and determination.
The Jefferson Rising project represents a bold vision for the future. It will include state-of-the-art science labs, outdoor recreation spaces, and community-oriented amenities like retail areas. Beyond its educational mission, the project aims to beautify downtown Louisville and contribute to its revitalization, making it a hub of innovation and inclusivity.
Both Dr. Handy and Tran share a commitment to empowering underserved communities through education. JCTC’s efforts complement Tran’s work at Louisville Beauty Academy, where he provides opportunities for immigrants and other underrepresented groups to gain skills and build meaningful careers.
The collaboration between leaders like Handy and Tran underscores the importance of investing in education as a tool for social and economic progress. Through programs that serve immigrants, refugees, single parents, and adult learners, JCTC is creating a legacy of inclusion that will benefit Louisville for generations to come.
As Louisville continues to grow, institutions like JCTC and leaders like Dr. Ty Handy and Di Tran exemplify how education can transform lives and communities. Their shared vision ensures that no one is left behind and that Louisville remains a city of opportunity for all.
Today, Louisville took center stage at the Venture Connectors Luncheon, hosted by Amplify and led by the remarkable Larry Berger. Among the esteemed attendees were entrepreneur and community leader Di Tran and Secretary Jeff Noel, marking a perfect way to begin 2025. This meeting highlighted the shared vision of elevating Louisville and the Commonwealth of Kentucky, emphasizing collaboration, innovation, and the boundless opportunities that lie ahead.
The theme of the event, “Louisville is Beautiful, and Kentucky is Full of Opportunity,” resonated deeply with every participant. It set the tone for a year focused on unity and growth. As Di Tran passionately stated, “We might think differently, but if we act in ways that divide us or detract from our shared growth, we’re not serving our community or ourselves. Together, we win.”
A Vision for Kentucky
Secretary Jeff Noel’s leadership was front and center, inspiring the audience with his insights on Kentucky’s vast potential. His work with programs like the Kentucky Product Development Initiative (KPDI) and SBIR/STTR Matching Funds showcased how innovation, economic development, and community empowerment can drive the state forward. These grants and initiatives represent a significant opportunity to lift Louisville and Kentucky to new heights.
Di Tran, a refugee turned entrepreneur and leader, shared his personal journey and commitment to fostering growth in Louisville’s immigrant and refugee communities. For Tran, Louisville is not just a city but a home built on love, resilience, and boundless opportunity. “The USA is the greatest country on earth, and Louisville, KY, is a beautiful home. We can all lift our community in our own way, and together we will win.”
Uniting for a Common Purpose
The event also celebrated the visionary leadership of Governor Andy Beshear and Mayor Craig Greenberg, who have consistently championed unity and economic development in Kentucky. The message was clear: Kentucky and Louisville are stronger when we come together, leveraging diverse perspectives and collaborating to secure grants and federal support for local initiatives.
For Di Tran, this moment was not just about financial growth—it was about fostering a sense of shared purpose. His work in building businesses and providing opportunities for others underscores the importance of adding value to every life touched.
Starting 2025 Strong
The luncheon, held at the Kentucky Science Center, a hub of innovation and inspiration, was the perfect venue to set the tone for the year. The gathering of leaders, entrepreneurs, and community builders reaffirmed a collective commitment to making Louisville and Kentucky stronger, more innovative, and more unified than ever before.
The synergy between Secretary Jeff Noel, Di Tran, and other leaders in attendance reflects the essence of Kentucky’s mission: to create a thriving future where everyone plays a role in elevating the community. As Di Tran emphasized, “If it’s not about lifting Kentucky and Louisville, we’re doing it wrong.”
Here’s to 2025—a year of love, collaboration, and growth. Together, we will make Louisville and Kentucky shine brighter than ever.
The United States offers significant assistance to refugees compared to other immigrant groups. This difference is because refugees flee their home countries due to persecution, war, or danger, leaving them with little time to plan or prepare for relocation. As a humanitarian commitment, the U.S. government, international organizations, and local agencies collaborate to help refugees integrate and rebuild their lives.
Why Refugees Receive More Support
Refugees are protected under international law (e.g., the 1951 Refugee Convention), which obligates host countries to provide safe asylum and support. Unlike immigrants, who typically plan and fund their move, refugees arrive with minimal or no resources. Therefore, U.S. resettlement programs focus on addressing their immediate needs and helping them achieve self-sufficiency.
Key Assistance Programs for Refugees in the USA
Refugee Resettlement Program (RRP)
Managed by the Office of Refugee Resettlement (ORR) under the Department of Health and Human Services (HHS).
Focuses on immediate needs such as housing, food, healthcare, and employment services.
Refugee Cash Assistance (RCA)
Financial support for up to 8 months for refugees who cannot immediately find employment.
Helps pay for rent, food, utilities, and basic necessities during the initial resettlement phase.
Refugee Medical Assistance (RMA)
Temporary medical coverage for refugees who are not eligible for Medicaid.
Covers essential healthcare needs, including vaccinations, preventive care, and emergency services.
Employment and Job Training Programs
Refugees are enrolled in job readiness and vocational training programs to help them secure employment quickly.
Programs like Matching Grant Programs aim to place refugees into jobs within 4 to 6 months of arrival.
English Language Learning (ELL)
Many refugees arrive without English proficiency. ELL classes teach language skills to help refugees navigate daily life and employment.
Housing Assistance
Partner organizations like Catholic Charities and resettlement agencies help refugees find affordable housing.
Support includes rental assistance and setting up homes with essential items.
Community Integration Programs
Refugees receive guidance on cultural adaptation, including education for children, driver’s license acquisition, and financial literacy programs.
Support services often involve mentoring from local communities to help refugees integrate successfully.
Education Support
Refugee children are enrolled in public schools, with access to ESL (English as a Second Language) programs to ensure they thrive academically.
Scholarships and grants are available for refugee adults pursuing higher education or job training.
Mental Health Support
Many refugees face trauma due to war, persecution, or dangerous journeys. Programs provide mental health counseling and resources to address PTSD, anxiety, and depression.
Legal Assistance
Refugees receive support in applying for permanent residency (Green Cards) within one year of arrival.
Legal aid organizations help with immigration processes and family reunification efforts.
Why This Support Matters
Refugees arrive in the United States with few belongings, often having lost homes, family members, and livelihoods. Without immediate support, many would struggle to survive and adapt. U.S. refugee programs focus on enabling refugees to become self-sufficient contributors to society as quickly as possible.
How Refugee Support Differs from Immigrant Support
Immigrants: Generally move by choice and are responsible for their own housing, healthcare, and employment arrangements. They are expected to be financially self-sufficient upon arrival.
Refugees: Flee persecution or war and receive immediate federal, state, and local assistance to rebuild their lives.
Conclusion
The United States offers refugees a structured pathway to safety and integration through robust programs addressing their financial, healthcare, educational, and emotional needs. While immigrants play a vital role in the country, refugees receive greater initial assistance due to their unique circumstances of forced displacement. This humanitarian effort not only saves lives but also enriches American communities with diverse cultures, skills, and stories of resilience.
On Thursday, November 21, 2024, Louisville’s brightest business leaders gathered at the Galt House Hotel’s Archibald Cochran Room for a night of celebration at the 2024 Most Admired CEOs and Business Impact Awards, hosted by Louisville Business First. Among the honorees was Di Tran, CEO of Louisville Beauty Academy, whose journey and heartfelt gratitude speech captured the essence of the American Dream.
A Moment of Honor and Reflection
Di Tran, joined by his wife Vy Truong, his esteemed mentors including Ray Brundige, Clark Cox, Rick Dye, and his school director Crystal Beeler, expressed deep appreciation for the recognition. Sharing the spotlight with some of Louisville’s most influential leaders, Di Tran humbly thanked Louisville Business First for elevating businesses across the city, including his own series of small businesses that have made a significant economic impact.
Di Tran’s Speech: “Vietnamese Born, American Made”
In his acceptance speech, Di Tran reflected on his inspiring journey:
*”I am Vietnamese Born, American Made. It is all God, and the United States of America is the number one country on Earth. Louisville City and Kentucky State are the most beautiful places for me. I came here in 1995 with zero English, sponsored by Catholic Charities. My ESL teacher taught me the language—can you understand me now? Thanks to them, I stand before you today.
Being honored alongside the President of the University of Louisville is surreal because UofL made me a computer engineer with a bachelor’s and master’s degree. Sullivan University gave me PhD-level education. Each of you, one way or another, has had a hand in shaping me into who I am today. That’s why I call the United States number one—because of the love and opportunities it gives to people like me.”*
A Legacy of Impact
Di Tran didn’t stop there. He turned the spotlight to his business, Louisville Beauty Academy, which he credits as a significant force for workforce development in the city:
“With our school director, Crystal Beeler—whom I call the Most Admired School Director—we have lifted over 1,000 lives, transforming them into licensed beauty professionals. Many of these graduates now own salons worth more than half a million dollars, contributing between $20 million to $50 million in annual economic impact. And we are just getting started.”
A Grateful Heart
Di Tran closed his speech by thanking his mentors, his wife, and Louisville Business First for the honor of being among such great leaders. He emphasized his gratitude to the USA and God, the foundations of his success.
The event was not just a celebration of achievements but a testament to the resilience, determination, and community spirit that make Louisville and the United States a beacon of opportunity and progress.
Congratulations to All Honorees
Di Tran shares this prestigious recognition with an incredible group of leaders, including Melisa Adkins (UofL Health), Summer Auerbach (Rainbow Blossom Inc.), and many others who continue to inspire and elevate Louisville’s business community.
Here’s to another year of innovation, leadership, and impact in Louisville!
Louisville Beauty Academy continues its mission of transforming lives through beauty education. To learn more or enroll, visit www.LouisvilleBeautyAcademy.net or text 502-625-5531.
Introduction: The transition from a high-stakes professional career to retirement or career changes can have profound effects on an individual’s health. High-level professionals, particularly those in executive positions, often face unique challenges that contribute to both physical and mental health risks. Chronic stress, identity loss, and financial concerns can create a perfect storm that negatively impacts well-being. Below, we explore various studies and research findings that shed light on the relationship between stress, retirement, and long-term health outcomes for those in leadership roles.
1. Stress and Health in High-Level Professionals:
Chronic Stress: Numerous studies have shown that chronic stress, often associated with leadership roles, can negatively impact cardiovascular health, lead to hypertension, and increase the risk of heart disease, stroke, and other serious conditions. Executives, CEOs, and high-level professionals are often exposed to significant amounts of stress, and this can affect both physical and mental health over time.
Mental Health and Burnout: A study by the Harvard Business Review found that high-level professionals often experience burnout, depression, and anxiety due to their demanding roles. Burnout can also lead to cognitive and emotional exhaustion, contributing to long-term health complications.
2. Retirement and Post-Career Health Decline:
The Retirement Effect: Research published in The Journal of Human Resources and other academic sources indicates that retirement can lead to both positive and negative health outcomes. For some, retirement reduces stress and improves overall well-being. However, for others, especially those who strongly identify with their work or leadership role, retirement can lead to a decline in mental and physical health.
A study by the National Bureau of Economic Research (NBER) found that men in particular often experience increased rates of depression, anxiety, and other health problems after retirement, which may be due to a loss of purpose, routine, and social engagement. For some, the sudden change can lead to significant stress or feelings of identity loss, contributing to health issues.
3. Financial and Economic Stress Post-Retirement:
Economic Stress and Health: According to the American Psychological Association (APA), financial instability or concerns about maintaining one’s standard of living in retirement can be a major source of stress. While high-level professionals like your mentors likely earned significant incomes, the pressure to maintain their financial position and lifestyle, especially without a comparable job, can create ongoing stress.
Status and Identity Loss: Studies from Psychology Today have noted that high achievers in executive positions often tie their self-worth to their careers. When leaving a high-ranking role, they may face an identity crisis, causing stress that can lead to both mental and physical health decline.
4. Life Expectancy of Retired Executives:
Some studies have examined the relationship between retirement and life expectancy, though results vary. Research from Oxford University found that while early retirement sometimes correlates with increased longevity for lower-stress jobs, the opposite is often true for high-stress professions, where retirement may be followed by a decline in both health and lifespan. Stress, a sense of lost purpose, and the difficulty of adjusting to life without the structure of a career can contribute to this.
5. The Role of Credibility and Job Market Pressure:
Impact on Identity and Self-Worth: High-ranking professionals who leave their jobs may also struggle with feelings of diminished credibility or relevance in their industry, especially if they cannot find similar positions. This can cause stress, especially for individuals who have built their self-esteem around professional success.
Job Market Pressure: For older professionals, finding comparable roles can be difficult due to age-related biases in the job market. According to the Center on Aging & Work at Boston College, older executives may face ageism and reduced job opportunities, which can be financially and emotionally stressful.
Conclusion:
There is statistical and academic evidence suggesting that the combination of chronic stress from high-level careers, the challenges of adjusting to retirement, and the potential financial or identity-related concerns can lead to significant health risks, particularly for men in leadership positions. These risks include physical conditions like heart disease as well as mental health challenges like depression and anxiety. The passing of your mentors after leaving their careers may align with some of these common patterns.
While each case is unique, the impact of work-related stress and retirement on health is a well-documented phenomenon, and seeking meaning and purpose beyond one’s career may help mitigate some of these risks.
P.S. As I, Di Tran, Founder of Viet Bao Louisville KY, mourn and reflect on the profound impact of my two mentors, I invite you to read more about their incredible lives:
Thomas Turley Noland Jr. was a brilliant communicator and corporate leader at Humana who passed away in 2022 after a battle with cancer.
Brian Keinsley was a kind and talented IT leader, retiring as Senior VP/CIO of Humana, who left us on October 12, 2024.
