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In the AI World, Only Action—and Truth—Matters – 2025

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.

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Beauty Industries Small Businesses Workforce Development

Louisville Beauty Academy: Where Human Care Meets Cutting-Edge AI Education

Welcome to the new age of beauty education—where legacy, love, and leading-edge technology meet.

Louisville Beauty Academy, a Kentucky State-Licensed and State-Accredited beauty college, is more than just a training center for future nail techs, cosmetologists, and estheticians—it is a national model of innovation in vocational education. At the heart of this transformation is its founder, Di Tran, a former top-tier software engineer ranked among the top 3 of 7,000 engineers at a Fortune 52 company, who helped develop artificial intelligence long before the world knew AI as we do today.

Today, Di Tran applies his deep technical background to Di Tran University—specifically within Louisville Beauty Academy, a College of Beauty that operates on the philosophy of “Run Lean, Adapt Fast, and Elevate All.”

AI-Enhanced Education, Human-Centered Values

Di Tran’s journey from high-tech to high-touch education is nothing short of revolutionary. His belief is simple yet powerful: technology should empower human connection, not replace it. At Louisville Beauty Academy, students now have access to a unique, interactive AI assistant built using the same principles Di Tran helped engineer in global tech—yet now focused on passing Kentucky licensing exams, answering multilingual student questions, and offering 24/7 support.

But make no mistake—AI here is not cold automation. It’s compassion-powered technology, carefully designed to support LBA’s signature culture of zero-judgment, multi-language, family-style learning.

“We bring the best of modern tools, learning systems, and material access to students, but never forget that every student is a human being, not a user ID. That’s the Louisville Beauty Academy difference.” — Di Tran, CEO

A Staff That Believes in Transformation

Congratulations are in order for the faculty, instructors, staff, and students of Louisville Beauty Academy for embracing this innovative, lean model. At a time when many institutions are bloated with cost and dependent on student loans, LBA operates debt-free, cash-based, and focused only on student success.

Every tool, every material, every innovation brought into the school is done so with intention, discipline, and care. The goal is clear: help every student pass their Kentucky licensing exam and elevate their lives through workforce empowerment.

Why This Matters Now

In 2025, education must evolve. We face a reality where federal student aid is shrinking, and the cost of traditional college is skyrocketing. Louisville Beauty Academy stands tall as a “Freedom Factory”—giving individuals a pathway to legitimate, licensed, fulfilling careers without debt, without barriers, and without delay.

Whether you’re an immigrant, a working mom, a career changer, or a young dreamer, Louisville Beauty Academy welcomes you—with real tools, real support, and now, real-time AI-powered guidance.


This is the future of beauty education. This is what happens when you combine the brilliance of technology with the warmth of human mentorship. This is Louisville Beauty Academy—built with love, powered by purpose.

🌐 Visit: LouisvilleBeautyAcademy.net
📱 Text to Enroll: 502-625-5531
📸 Ask the CEO AI Chat Experience: Now live on the website!

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Health Immigration Small Businesses Workforce Development

Pharmacy Benefit Manager (PBM) Impact and Reform Summary: Research May 2025

Key Points

  • PBM Impact: Pharmacy Benefit Managers (PBMs) are criticized for practices like low reimbursement rates, spread pricing, and steering patients to their own pharmacies, which harm independent pharmacies.
  • Trump Administration Actions: The Trump administration has targeted PBMs through executive orders and legislation to increase transparency and competition, with notable actions in 2018, 2019, and 2025.
  • Major PBMs: The top three PBMs—CVS Caremark, Cigna Express Scripts, and Optum Rx—control about 80% of the market, with others like Humana, Prime Therapeutics, and MedImpact also significant.
  • Investigations and Blocks: Federal and state efforts, including FTC investigations and Arkansas’s 2025 ban on PBMs owning pharmacies, aim to curb anti-competitive practices.
  • Controversy: While PBMs argue they lower drug costs, critics, including bipartisan lawmakers, highlight their role in inflating prices and reducing pharmacy competition.

How PBMs Harm Pharmacies

PBMs act as middlemen in the prescription drug supply chain, managing benefits for health plans. However, their practices often disadvantage independent pharmacies. They set low reimbursement rates, sometimes below the cost of drugs, making it hard for pharmacies to stay profitable. Through “spread pricing,” PBMs charge insurers more than they pay pharmacies, keeping the difference. Their ownership of pharmacies (e.g., CVS owning Caremark) allows them to favor their own stores with better rates and steer patients away from competitors, reducing business for independent pharmacies. Past use of “gag clauses” also limited pharmacists’ ability to inform patients about cheaper options, though these are now banned.

Trump Administration’s Response

The Trump administration has taken steps to address PBM practices. In 2018, it passed laws banning gag clauses to improve price transparency. In 2019, it proposed removing legal protections for PBM rebates to reduce conflicts of interest. In 2025, an executive order aimed to enhance PBM transparency and competition, building on earlier efforts like the Most Favored Nation model (though previously blocked in court). These actions reflect a broader push to lower drug costs and protect pharmacies.

Major PBMs

The leading PBMs include CVS Caremark, Cigna Express Scripts, and UnitedHealth Group’s Optum Rx, which dominate with an 80% market share. Other key players are Humana, Prime Therapeutics, and MedImpact Healthcare Systems, collectively controlling 95% of the market.

Investigations and Blocks

The Federal Trade Commission (FTC) is investigating PBMs for anti-competitive practices, with a 2024 report highlighting their role in inflating drug costs. Arkansas became the first state to ban PBMs from owning pharmacies in 2025, and 39 state attorneys general have urged Congress to follow suit. Proposed federal laws, like the PBM Act, aim to force PBMs to sell pharmacy assets to restore competition.


Detailed Report on PBMs and Their Impact on the Pharmacy Business

Pharmacy Benefit Managers (PBMs) are third-party administrators that manage prescription drug benefits for health plans, employers, and government programs like Medicare. While they were initially created in the 1960s to process claims, their role has expanded to include negotiating drug prices, managing formularies, setting co-pays, and controlling pharmacy networks. However, their practices have drawn significant criticism for harming the pharmacy business, particularly independent pharmacies, and driving up drug costs. This report explores how PBMs impact pharmacies, the actions taken by the Trump administration to address these issues, the major PBMs in the USA, and ongoing investigations and legislative efforts to curb their anti-competitive practices. It also includes a detailed artifact summarizing key findings in a structured format.

Impact of PBMs on the Pharmacy Business

PBMs have been accused of practices that undermine the viability of independent pharmacies and contribute to higher drug costs for consumers. The following are the primary ways PBMs are said to “destroy” the pharmacy business:

  • Unfair Reimbursement Rates and Spread Pricing: PBMs determine how much pharmacies are reimbursed for dispensing drugs. Often, these rates are set below the cost of acquiring the drugs, making it financially unsustainable for pharmacies, especially smaller independent ones. Additionally, PBMs engage in “spread pricing,” where they charge health plans a higher price for a drug than what they reimburse pharmacies, pocketing the difference. This practice reduces pharmacy revenue and contributes to their financial strain (Commonwealth Fund).
  • Vertical Integration and Steering: The largest PBMs are vertically integrated with health insurers and pharmacy chains, creating conflicts of interest. For example, CVS Caremark is owned by CVS Health, which also owns Aetna and operates thousands of pharmacies. Similarly, Cigna Express Scripts is part of Cigna, and Optum Rx is owned by UnitedHealth Group. This integration allows PBMs to favor their own pharmacies by offering higher reimbursement rates and designing formularies that steer patients to their affiliated pharmacies, reducing business for independent competitors (American Economic Liberties).
  • Gag Clauses: Historically, PBMs used “gag clauses” in contracts to prevent pharmacists from informing patients about lower cash prices for drugs, forcing patients to pay higher insurance co-pays. These clauses reduced transparency and harmed both patients and pharmacies. While gag clauses have been banned in several states since 2017, federally for private insurance since October 2018, and for Medicare since January 2020, their prior use contributed to financial and operational challenges for pharmacies (Wikipedia: Pharmacy benefit management).
  • Market Consolidation: The PBM market is highly concentrated, with the top three PBMs—CVS Caremark, Cigna Express Scripts, and Optum Rx—controlling approximately 80% of the market, covering about 270 million people in 2023. The top six PBMs control 95% of the market, with a market size of nearly $600 billion in 2024. This dominance allows PBMs to dictate terms to pharmacies, often forcing independent pharmacies to accept unfavorable contracts or risk exclusion from networks (Wikipedia: Pharmacy benefit management).

These practices have led to a significant decline in independent pharmacies, with many closing due to unsustainable financial conditions. The House Committee on Oversight and Accountability has noted that PBMs’ anti-competitive tactics jeopardize patient care and undermine local pharmacies (House Oversight Committee).

Trump Administration Actions

The Trump administration has taken several steps to address PBM practices, focusing on increasing transparency, promoting competition, and lowering prescription drug costs. These efforts span both the first term (2017–2021) and the second term (2025–present):

  • Legislation on Gag Clauses (2018): In October 2018, President Trump signed the Patient Right to Know Drug Prices Act and the Know the Lowest Price Act, which banned gag clauses nationwide for private insurance plans. These laws allowed pharmacists to inform patients about lower-cost drug options, improving transparency and potentially reducing costs for consumers (Wikipedia: Pharmacy benefit management).
  • Proposed Rule on Rebates (2019): On January 31, 2019, the Department of Health and Human Services (HHS) proposed a rule to remove safe harbor protections under the antikickback statute for PBM rebates from drug manufacturers. This aimed to address the lack of transparency in how PBMs negotiate and retain rebates, which can inflate drug prices (Wikipedia: Pharmacy benefit management).
  • Executive Order on Drug Pricing (2025): On April 15, 2025, President Trump issued an executive order directing federal agencies to implement drug pricing reforms. This order specifically targeted PBMs by:
  • Improving disclosure of fees paid by PBMs to brokers for steering employers to their services.
  • Promoting a more competitive, transparent, and efficient prescription drug value chain.
  • The order also aimed to enhance Medicare drug pricing and align payments with actual drug acquisition costs, potentially reducing the financial burden on pharmacies (White House).
  • Most Favored Nation (MFN) Model: During his first term, Trump introduced the MFN model to tie U.S. drug prices to those in other countries, aiming to reduce costs. Although this was blocked in court and rescinded by the Biden administration, it reflects the administration’s focus on addressing PBM-driven price inflation (Independent Voter News).
  • Continued Scrutiny: In 2025, the second Trump administration has signaled ongoing efforts to “cut out the middlemen,” with President Trump stating intentions to allow Americans to buy medications directly from drugmakers at lower prices. The administration’s appointments to the FTC suggest a continued focus on addressing PBM monopolistic practices (STAT News).

These actions indicate a bipartisan recognition of PBMs’ role in rising healthcare costs, with the Trump administration leveraging both regulatory and legislative tools to address these issues.

List of Major PBMs

The PBM market is highly concentrated, with a few key players dominating the industry. The major PBMs in the USA are:

PBMParent CompanyMarket Share (2023)Notes
CVS CaremarkCVS Health (owns Aetna)~27%Operates thousands of pharmacies and is vertically integrated with Aetna.
Cigna Express ScriptsCigna~26%Part of Cigna, with significant influence over formularies and pricing.
UnitedHealth Group’s Optum RxUnitedHealth Group~27%Integrated with Optum and UnitedHealth’s healthcare services and pharmacies.
HumanaHumana Inc.Part of 95% (top 6)Operates as part of Humana’s health insurance and pharmacy services.
Prime TherapeuticsOwned by Blue Cross Blue Shield plansPart of 95% (top 6)Serves multiple health plans, primarily Blue Cross affiliates.
MedImpact Healthcare SystemsPrivately heldPart of 95% (top 6)Independent PBM, less vertically integrated than the top three.
  • Market Share: The top three PBMs (CVS Caremark, Express Scripts, and Optum Rx) control approximately 80% of the market, covering about 270 million people. The top six PBMs collectively control 95% of the market, with a total market size of nearly $600 billion in 2024 (Wikipedia: Pharmacy benefit management).

Investigations and Blocks Against PBMs

PBMs are under significant scrutiny for their anti-competitive practices, particularly their ownership of pharmacies and control over the prescription drug supply chain. Federal and state efforts are addressing these issues:

  • Federal Investigations:
  • The Federal Trade Commission (FTC) has been actively investigating PBMs. In July 2024, the FTC released an Interim Staff Report titled “Pharmacy Benefit Managers: The Powerful Middlemen Inflating Drug Costs and Squeezing Main Street Pharmacies.” The report highlighted how PBMs:
    • Steer patients to their own pharmacies, including for mail-order and specialty drugs.
    • Pay lower reimbursement rates to independent pharmacies compared to their own.
    • Engage in spread pricing, which inflates costs for insurers and patients.
  • The FTC withdrew prior advocacy statements supporting PBMs in 2023, signaling a shift toward greater regulatory oversight (FTC).
  • Congressional Oversight:
  • The House Committee on Oversight and Accountability released a report in July 2024 titled “The Role of Pharmacy Benefit Managers in Prescription Drug Markets.” The report detailed how the top three PBMs use their market power to enact anti-competitive policies, inflate drug costs, and undermine independent pharmacies. It called for legislative reforms to increase transparency and restore competition (House Oversight Committee).
  • A hearing in July 2024 saw bipartisan criticism of PBM executives for their role in rising drug costs and monopolistic practices (House Oversight Committee).
  • State-Level Actions:
  • On April 16, 2025, Arkansas Governor Sarah Huckabee Sanders signed HB1150, making Arkansas the first state to ban PBMs from owning pharmacies. This law aims to prevent PBMs from using their ownership to disadvantage independent pharmacies (Arkansas Governor).
  • A bipartisan coalition of 39 state and territory attorneys general sent a letter to Congress in April 2025, urging passage of legislation to prohibit PBMs from owning or operating pharmacies. They cited conflicts of interest and the negative impact on independent pharmacies and consumers (NAAG).
  • Proposed Legislation:
  • The Lower Costs, More Transparency Act (H.R. 5378), passed by the House in December 2023, addresses spread pricing in Medicaid and requires PBMs to participate in drug cost surveys and report negotiated rates (Committee for a Responsible Federal Budget).
  • The PBM Act, introduced in December 2024, would require companies owning health insurers or PBMs to sell their pharmacy assets, aiming to level the playing field for independent pharmacies (Healthcare Dive).

These efforts reflect a growing consensus that PBMs’ practices, particularly their vertical integration and market dominance, harm competition and increase costs. While PBMs argue they help lower drug prices through negotiations, critics, including bipartisan lawmakers and regulators, assert that their practices prioritize profits over patients and pharmacies.

Summary of PBM Impact and Reform Efforts

Impact on Pharmacy Business

  • Reimbursement Rates: PBMs set low reimbursement rates, often below drug acquisition costs, making it unprofitable for independent pharmacies.
  • Spread Pricing: PBMs charge insurers more than they pay pharmacies, keeping the difference, which reduces pharmacy revenue.
  • Vertical Integration: Ownership of pharmacies by PBMs (e.g., CVS Caremark, Express Scripts, Optum Rx) allows them to favor their own stores with higher rates and steer patients away from competitors.
  • Gag Clauses: Past use of gag clauses prevented pharmacists from disclosing lower cash prices, though banned federally since 2018–2020.
  • Market Dominance: Top three PBMs control 80% of the market, dictating terms that disadvantage independent pharmacies.

Major PBMs

  • Top Three (80% market share, 2023):
  • CVS Caremark (CVS Health)
  • Cigna Express Scripts (Cigna)
  • UnitedHealth Group’s Optum Rx (UnitedHealth Group)
  • Other Key Players (95% market share with top three, 2022):
  • Humana
  • Prime Therapeutics
  • MedImpact Healthcare Systems
  • Market Size: Nearly $600 billion in 2024, covering ~270 million people.

Trump Administration Actions

  • 2018: Signed Patient Right to Know Drug Prices Act and Know the Lowest Price Act, banning gag clauses for private insurance.
  • 2019: Proposed rule to remove antikickback safe harbor protections for PBM rebates.
  • 2025: Executive order (April 15) to improve PBM fee disclosure and promote competition in the drug supply chain.
  • Ongoing: Commitment to “cut out the middlemen” and explore direct drug purchasing from manufacturers.

Investigations and Blocks

  • FTC Investigations: 2024 Interim Report highlighted PBMs’ role in inflating costs and squeezing pharmacies; prior PBM advocacy withdrawn in 2023.
  • Congressional Oversight: 2024 House report called for reforms to address PBM anti-competitive practices.
  • State Actions: Arkansas banned PBMs from owning pharmacies (HB1150, 2025); 39 attorneys general urged Congress for a federal ban.
  • Proposed Legislation: PBM Act (2024) to force divestiture of pharmacy assets; Lower Costs, More Transparency Act to address spread pricing.

Conclusion

PBMs significantly impact the pharmacy business through practices like low reimbursement rates, spread pricing, and vertical integration, which disadvantage independent pharmacies and contribute to higher drug costs. The Trump administration has addressed these issues through legislative and regulatory actions, including banning gag clauses, proposing rebate reforms, and issuing a 2025 executive order to enhance PBM transparency and competition. The major PBMs—CVS Caremark, Cigna Express Scripts, Optum Rx, Humana, Prime Therapeutics, and MedImpact—dominate the market, controlling 95% of prescription drug benefits. Ongoing investigations by the FTC, congressional oversight, and state-level bans (e.g., Arkansas’s HB1150) aim to curb PBMs’ anti-competitive practices, particularly their ownership of pharmacies. Proposed federal legislation, such as the PBM Act, seeks to further restore competition by forcing divestiture of pharmacy assets. These efforts reflect a bipartisan push to reform the PBM industry and protect pharmacies and consumers.

Key Citations

https://kypharmacy.net

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Health Immigration Kentucky Pharmacy Louisville, KY Leadership Development Small Businesses Vietnamese

Two Generations, One Purpose: AAPI Heritage Month Brings Susan Lieu and Vy Truong Together in Louisville

By Viet Bao Louisville KY | May 2025

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.

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Community Corporation Small Businesses Workforce Development

Di Tran, Vy Truong, and Rotary Club of Louisville Celebrate Resilience, Art, and Community Leadership at Churchill Downs

Today at Churchill Downs, local leaders, entrepreneurs, and community advocates gathered for Winsday—a powerful annual tradition that blends business networking, civic pride, and community collaboration in the heart of Louisville, Kentucky.

Among those in attendance were Di Tran, founder of Louisville Beauty Academy and Di Tran University, and Vy Truong, co-founder of Kentucky Pharmacy. Known for their work in affordable education and healthcare access, the couple took a rare midday pause to reconnect—professionally and personally—while celebrating community accomplishments alongside peers and mentors.

The moment was made even more meaningful as they stood in front of a vibrant mural by Humberto Lahera Gonzalez, Di Tran’s brother. The mural, full of life and energy, beautifully captures the spirit of Churchill Downs and serves as a tribute to the city’s culture, resilience, and artistic depth.

Louisville has weathered a particularly storm-heavy year in 2025.

From January’s snow and ice storms to intense wind events, EF-1 tornadoes in March, and major flooding in April, the city has seen historic challenges. The Ohio River rose to nearly 37 feet, marking one of the most significant flood events in recent memory. Churchill Downs itself required major restoration to prepare for Derby season.

And yet, as always, Louisville rises together.

The event was organized in part by the Rotary Club of Louisville, the 13th largest Rotary club in the world among more than 46,000 clubs globally. Each year, Winsday gathers leaders from business, nonprofit, education, and public sectors to celebrate the past year’s progress, build connections, and recommit to service.

Di Tran, Vy Truong, and many others highlighted how these moments—of art, leadership, and shared meals—remind us that business is not just about profits but about people. Whether it’s rebuilding after storms, investing in youth through vocational education, or providing healthcare to underserved populations, their work reflects the heart of Louisville.

“Louisville isn’t just a place,” Di Tran shared. “It’s a people. It’s a heart. And it’s always rising.”

From powerful public art to powerful partnerships, Winsday 2025 served as a living portrait of what makes Louisville shine: love, resilience, and the determination to move forward—together.

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Community Corporation Real Estate Small Businesses

Rooted in Louisville: Jimmy Kirchdorfer’s Legacy Inspires Local Business Leader Di Tran

At a recent Rotary Club of Louisville luncheon, local leaders and business professionals gathered to hear from one of Kentucky’s most impactful business figures—Jimmy Kirchdorfer, Chairman and CEO of ISCO Industries. What unfolded was more than just a story about piping solutions; it was a reflection of how deep community roots, family values, and unwavering dedication to a hometown can create a lasting legacy.

Jimmy Kirchdorfer grew up in Louisville, educated in its Catholic school system, surrounded by a close-knit family and a strong sense of responsibility. Over time, he helped transform a small, family-run business into a global leader in high-density polyethylene piping, all while remaining grounded in the very city that shaped him. Despite ISCO’s national reach, Kirchdorfer never left behind his Louisville identity—instead, he doubled down on it.

His civic contributions reflect that commitment. In 2022, he led a local investment group in purchasing Valhalla Golf Club, bringing it back into Louisville hands. Since then, the venue has been slated to host major events like the 2024 PGA Championship and the 2028 Solheim Cup. These milestones aren’t just about sports—they’re about pride in place, and about giving Louisville a place on the national stage.

One of the many attendees deeply moved by Kirchdorfer’s message was Di Tran, a Louisville-based entrepreneur and educator. Tran, himself a product of Catholic schooling and a longtime advocate for community-focused development, saw in Kirchdorfer’s words a reflection of his own journey.

Di Tran came to the U.S. as an immigrant, working from a young age to help support his family. Through determination and a deep love for the city, he went on to found multiple businesses—including Louisville Beauty Academy and the New American Business Association Inc.—aimed at empowering working adults, immigrants, and aspiring entrepreneurs. His work in vocational education and small business development has helped thousands gain licenses, jobs, and purpose.

Listening to Kirchdorfer speak, Tran said he felt both inspired and reassured. For many small business owners, the road is often isolating and uncertain. But seeing someone who built success without ever disconnecting from his city or his values reminded Tran that building a legacy doesn’t require leaving home—it requires growing where you’re planted.

“Jimmy represents what many of us hope to become,” Tran reflected afterward. “Not just successful in business, but deeply woven into the fabric of the city that raised us. His example reminds me to keep learning, keep serving, and keep loving Louisville—because this city has given me everything.”

Through different industries and backgrounds, both Kirchdorfer and Tran share a common mission: to lift up their city through service, opportunity, and a deep, abiding belief that community is the most powerful foundation for growth. Their stories are testaments to what’s possible when success and humility walk hand in hand—and when business becomes a vehicle not just for profit, but for purpose.

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Community Drop the FEAR and Focus on the FAITH Early Childhood Education Guiding Lights: A Journey of Courage, Compassion and Faith Leadership Development Real Estate Self-Improve Small Businesses Workforce Development

Embracing Debt‑Free Education in the Post‑Federal Aid Era – March 2025

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.

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Community Kentucky Pharmacy Louisville, KY Small Businesses

Kentucky Pharmacy LLC and Dr. Vy Truong, PharmD: A Legacy of Care, Community, and Award-Winning Excellence

Louisville’s Premier Independent Pharmacy Continues to Shine With Prestigious Honors

In the heart of Louisville, a story of resilience, compassion, and excellence unfolds through the extraordinary work of Kentucky Pharmacy LLC and its visionary leader, Dr. Vy Truong, PharmD. At a time when independent pharmacies across the U.S. face relentless challenges—from insurance complexities to financial pressures—Kentucky Pharmacy has not only persevered but thrived, earning award after award for its commitment to service and innovation.

A Year of Recognitions: Honoring Leadership and Community Impact

Under the leadership of Dr. Vy Truong, Kentucky Pharmacy has been showered with multiple prestigious awards, a testament to the pharmacy’s unwavering dedication to accessible and compassionate healthcare:

🏆 2025 Family Business AwardLouisville Business First
🏆 2025 Mosaic AwardJewish Family & Career Services
🏆 2024 Most Admired Woman in LouisvilleToday’s Woman Magazine

These accolades reflect Dr. Truong’s deep-rooted mission—to serve the underserved, uplift communities, and ensure that every patient, regardless of background or financial status, receives the care they deserve.

Kentucky Pharmacy: A Pillar of Compassionate Healthcare

More than just a pharmacy, Kentucky Pharmacy LLC is a lifeline for many in Louisville. Located within the Harbor House of Louisville, a $17+ million state-of-the-art medical facility, the pharmacy is the first point of care for patients entering the medical center. Their philosophy, “Health Within Reach – Care Within Heart,” is more than a slogan—it is the foundation of their service.

With free prescription delivery, multilingual support, medication therapy management, and 24-hour pickup for non-stocked items, Kentucky Pharmacy is not only breaking barriers in healthcare accessibility but also redefining what it means to be a patient-centered pharmacy.

Dr. Vy Truong: A Leader Forged by Compassion and Dedication

As an immigrant, pharmacist, and business leader, Dr. Vy Truong’s journey is one of hard work, resilience, and heart-led service. Her leadership, alongside co-founder and COO Di Tran, has transformed Kentucky Pharmacy into one of the most recognized independent pharmacies in Kentucky.

“I believe in serving with love first—because when we lead with care, success follows,” says Dr. Truong. Her family-first, community-first approach is what sets Kentucky Pharmacy apart from larger corporate chains.

A Call to Action: Experience the Kentucky Pharmacy Difference

For those seeking a pharmacy that truly cares, Kentucky Pharmacy is just a text or call away.

📍 Visit us at: 2233 Lower Hunters Trace, Louisville, KY 40216
📲 Text or Call: 502-694-2441
🌐 Learn more: https://kypharmacy.net

Join us in celebrating Dr. Vy Truong and Kentucky Pharmacy—where every prescription is filled with care, love, and excellence.

#KentuckyPharmacy #VyTruongPharmD #AwardWinningLeadership #HealthcareExcellence #MostAdmiredWoman #FamilyBusinessAward #CommunityCare #PharmacyInnovation #LouisvilleKY

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Beauty Industries Small Businesses Vietnamese

LUẬT SB22 SẮP KÝ BAN HÀNH: THAY ĐỔI LỚN CHO NGÀNH LÀM ĐẸP TẠI KENTUCKY

Ngành làm đẹp tại Kentucky sắp có thay đổi quan trọng khi Dự luật SB22 đang trên đường tới bàn thống đốc để ký ban hành thành luật. Luật này sẽ ảnh hưởng trực tiếp đến thợ nail, chuyên viên thẩm mỹ (esthetician), nhà tạo mẫu tóc, và các chủ salon. Nếu bạn đang làm trong ngành này, hãy cập nhật ngay để tránh vi phạm pháp luật và bảo vệ sự nghiệp của mình!

1. CẤM HOÀN TOÀN MMA TRONG MỌI DẠNG CHẤT LỎNG 🚫

SB22 quy định tuyệt đối cấm Methyl Methacrylate (MMA) trong bất kỳ sản phẩm dạng lỏng nào sử dụng trong ngành nail. Điều này có nghĩa là:

❌ Dù MMA nguyên chất hay trộn với hóa chất khác đều bị cấm.

❌ Bất kỳ tiệm nail hay thợ nail nào bị phát hiện dùng MMA sẽ vi phạm pháp luật.

❌ MMA có thể khiến móng yếu, gây dị ứng nặng, tổn thương da, và ảnh hưởng đến hô hấp.

✅ Chất thay thế an toàn: Ethyl Methacrylate (EMA) vẫn được phép sử dụng và là tiêu chuẩn trong ngành nail chuyên nghiệp.

🔹 Làm sao để tuân thủ luật?

✔ Kiểm tra thành phần sản phẩm trước khi sử dụng.

✔ Chỉ mua từ nhà cung cấp uy tín có cam kết sản phẩm không chứa MMA.

✔ Đào tạo thợ nail về cách sử dụng EMA đúng kỹ thuật để đảm bảo móng đẹp, bền và an toàn.

2. XIẾT CHẶT QUẢN LÝ NGƯỜI HÀNH NGHỀ VÀ TIỆM KHÔNG CÓ GIẤY PHÉP 🔍

SB22 cũng tăng cường các biện pháp xử phạt đối với tiệm và thợ làm đẹp không có giấy phép hợp lệ.

🚨 Cơ quan quản lý có thể:

✔ Kiểm tra và đóng cửa ngay lập tức các tiệm không có giấy phép.

✔ Xử phạt nặng những ai hành nghề trái phép.

✔ Đình chỉ hoặc thu hồi giấy phép nếu vi phạm quy định vệ sinh và an toàn.

💡 Cách tránh bị phạt:

✔ Đảm bảo bạn có giấy phép hành nghề hợp lệ.

✔ Nếu là chủ tiệm, hãy kiểm tra toàn bộ nhân viên phải có giấy phép.

✔ Chỉ thuê nhân viên có chứng chỉ đào tạo từ trường hợp pháp, như Louisville Beauty Academy.

3. KHÔNG CÒN GIỚI HẠN SỐ LẦN THI LẠI GIẤY PHÉP 📖

Tin vui cho những ai đang thi lấy bằng hành nghề:

✅ Bạn có thể thi lại không giới hạn số lần nếu chưa đậu.

✅ Thợ nail phải chờ 1 tháng trước khi thi lại nếu rớt.

✅ Các kỳ thi có thể dùng bài kiểm tra quốc gia nếu được cấp phép.

💡 Chuẩn bị kỹ trước khi thi để đậu ngay lần đầu:

✔ Luyện thi tại Louisville Beauty Academy với giáo trình chuẩn và giảng viên giàu kinh nghiệm.

✔ Học đầy đủ kỹ thuật nail, tóc, thẩm mỹ theo đúng tiêu chuẩn bang Kentucky.

4. QUY ĐỊNH MỚI VỀ VỆ SINH & AN TOÀN 🧼

📢 SB22 siết chặt các tiêu chuẩn vệ sinh trong tiệm làm đẹp để bảo vệ khách hàng và nhân viên:

✔ Bắt buộc dùng khăn sạch hoặc giấy lót mới cho mỗi khách.

✔ Dụng cụ như kéo, nhíp, dao cạo phải khử trùng trước khi sử dụng.

✔ Không được dùng lại khăn lau trên nhiều khách hàng nếu chưa giặt sạch.

✔ Dụng cụ bào gót chân (callus graters) vẫn được phép, nhưng phải dùng đúng cách và đảm bảo vệ sinh.

💡 Cách tuân thủ:

✔ Luôn làm sạch và khử trùng dụng cụ sau mỗi lần sử dụng.

✔ Học kỹ thuật vệ sinh chuẩn tại trường đào tạo uy tín.

✔ Nếu là chủ tiệm, hãy đảm bảo toàn bộ nhân viên tuân thủ quy định này.

5. CHUYÊN VIÊN THẨM MỸ (ESTHETICIAN) KHÔNG ĐƯỢC LÀM CÁC DỊCH VỤ SAU ⚠️

🔹 SB22 giới hạn nghiêm ngặt phạm vi làm việc của chuyên viên thẩm mỹ (esthetician). Nếu không có bác sĩ giám sát, esthetician KHÔNG ĐƯỢC thực hiện các dịch vụ sau:

🚫 Tiêm Botox hoặc chất làm đầy (collagen injections).

🚫 Trị liệu laser (loại bỏ lông, trị sẹo, làm sáng da, v.v.).

🚫 Tẩy lông bằng điện (electrolysis).

🚫 Xăm thẩm mỹ & phun môi, điêu khắc chân mày (microblading, tattooing).

🚫 Xỏ khuyên (piercing).

💡 Nếu bạn là esthetician:

✔ Chỉ làm các dịch vụ hợp pháp như chăm sóc da, facial, waxing.

✔ Không nhận khách làm botox, laser, hay xăm nếu không có bác sĩ giám sát.

✔ Nâng cao kỹ năng với các khóa học thẩm mỹ hợp pháp tại Louisville Beauty Academy.

HÀNH ĐỘNG NGAY ĐỂ TRÁNH VI PHẠM! 📢

Ngành làm đẹp tại Kentucky đang bước vào giai đoạn thay đổi lớn. Hãy chuẩn bị ngay để không vi phạm luật!

📞 Gọi ngay: 502-625-5531

📧 Email: study@louisvilleBeautyAcademy.net

📍 Louisville Beauty Academy – Đào tạo chuẩn, đảm bảo hợp pháp!

🔗 Xem toàn bộ luật SB22 tại đây:

Kentucky Legislature – SB22 Bill Document

#SB22 #NgànhLàmĐẹp #TiệmNail #ThợNail #ThẩmMỹ #LuậtMới

Categories
Books Real Estate Self-Improve Small Businesses Vietnamese

From the Book “Little CFO: What is Finance and What is Investing” – Letter To My sons

Dear Jayden, Skylar, and Dylan,

Every time you come to me, asking about work, about making money, or about how you can help Mom and Dad, my heart overflows with pride. It’s beyond beautiful to see you voluntarily hand me the money you’ve saved, offering to pay for groceries or the toys you’ve bought yourselves. Sons, your generosity and thoughtfulness are gifts to me and your mom that go far beyond words. I am incredibly proud of the young men you’re becoming.

But pride isn’t the only thing I feel. What I look forward to, what I dream of for you, is something far greater. I want you to understand what money really is and, even more importantly, what it isn’t. I want you to understand the values behind money, the purpose of trading value, and the immense power of creating and investing in value. There is a difference between making money and creating wealth—and this book is my way of explaining that difference to you and to all children like you who dream of contributing and helping their families, of being more, doing more, and adding more to this world.

Let me take you back to where it all began for your mom and me. Sons, your dad was born in a small mud hut in Phương Lâm, Đồng Nai, Vietnam. Our family was poor, so poor that we measured success by whether we had enough rice to eat for the day. Yet, even in that mud hut, surrounded by the struggles of survival, I witnessed something remarkable. Your grandparents—my parents—found ways to rise above poverty. Your grandmother, whom you know as a loving and wise woman, became one of the top wholesalers of fertilizer in the area. She wasn’t just a trader; she was known for her fairness, her hard work, and her ability to build relationships in the Phương Lâm market. She didn’t have much money at first, but she understood value: how to create it, how to trade it, and how to scale it. This understanding changed everything.

When we came to the United States, we left all of that behind. We arrived with just $400 in our pockets, seven people squeezed into a tiny 500-square-foot apartment at Americana Apartments. We started over. Your mom and I worked tirelessly, your grandparents did everything they could, and slowly, step by step, we built a new life. From that tiny apartment, we moved on to owning homes, businesses, and degrees. We climbed corporate ladders, started small businesses, and even entered the world of politics and community service. Today, your mom is running a business in healthcare, helping people at Kentucky Pharmacy, while I work to build businesses, write books, and create opportunities for others.

Do you know what made all of this possible? It wasn’t just money. Money is simply a tool, a currency that moves value from one person to another. What made it all possible was understanding value itself. Sons, this is what I want you to learn. Money is not the goal. Money is like the blood in your body—it’s necessary for life, but it’s not the purpose of life. The goal has always been to create value, to trade value, and to multiply value in ways that serve others and make the world a better place. The more you understand how to create and trade value, and the more you can do this at scale, the wealthier you will become—not just financially but in every aspect of your life.

I see something in you, sons, that many adults haven’t yet discovered. When you say, “I want to work,” “I want to make money to help,” “I want to contribute,” or “I want to add value,” you’re expressing one of the most valuable traits anyone can have: the desire to create and serve. This initiative, this self-drive, is more precious than gold. It’s not about how old you are; it’s about the habits you build, the mentality you develop, and the actions you take. You already have this gift, sons. And this book is my way of nurturing that gift in you and in all children who share your curiosity and determination.

I don’t just want you to read this book. I want this book to be the foundation, the starting point, for a lifetime of learning and growth. I’ve written it in a way that’s simple enough for you to understand now, but deep enough that you can revisit it as you grow older and discover new layers of meaning. My hope is that it will give you the knowledge and tools to become leaders—leaders of yourselves, of your families, and of your communities.

So let’s talk about the mindset I want you to carry with you: the mindset of value creation, value trading, and value investment. It sounds complicated, but it’s not. Let me break it down for you.

  • Value Creation is about using your skills, knowledge, and time to make something that helps others. For example, when you help Mom by cleaning up the house, you’re creating value because you’re making our home a better place to live. When I write books or start businesses, I’m creating value by sharing ideas or providing jobs.
  • Value Trading is when you exchange something of value for something else. This is where money often comes in. For example, if you save up your allowance and buy a toy, you’re trading the money you earned for something you want. But trading isn’t just about money. When you help a friend with homework, you’re trading your time and knowledge for the satisfaction of helping someone.
  • Value Investing is about putting your resources into something that will grow over time. This could mean saving your money in a piggy bank, or it could mean spending time learning a new skill that will make you even more valuable in the future.

Sons, the more you understand these three concepts and practice them, the more successful you will be. And by success, I don’t just mean money. I mean living a life filled with purpose, contribution, and fulfillment.

Let me share something important about where your mom and I came from. In Vietnam, life was about survival. Every meal, every roof over our heads, every opportunity to go to school—we had to fight for these things. When we came to America, we realized that this country offers something extraordinary: the chance to dream bigger. But dreams don’t just happen. They require hard work, learning, and a commitment to creating and sharing value with others. That’s what I want for you. I want you to dream big, work hard, and build something meaningful—not just for yourselves but for the people around you.

Sons, you’ve already shown me that you have what it takes. Every time you hand me your savings, not because I ask for it but because you want to contribute, you’re showing me that you understand something many adults struggle with. You understand that money is not about hoarding or spending selfishly; it’s about helping, sharing, and building something greater than yourself. This mindset is your greatest asset, and it’s something I want to nurture in you.

This book is not just for you. It’s for all the children out there who look at their parents and say, “I want to help.” It’s for all the kids who are curious about how money works, who want to make a difference in their families, their communities, and the world. And it’s for the parents and teachers who want to guide these children but don’t always know where to start.

In this book, we’ll talk about what money is and isn’t, how to earn it, save it, and spend it wisely. We’ll explore the difference between trading value and creating value, and we’ll learn about investing—not just in money but in yourself and the people around you. I’ll share lessons from our family’s journey, from the mud hut in Phương Lâm to the life we’ve built in America, and I’ll show you how these lessons can apply to your life, no matter where you are or where you want to go.

Sons, my greatest hope for you is not that you become rich, though I believe you will be if you follow these principles. My hope is that you become people of value. People who create, who contribute, who lead with kindness and wisdom. People who understand that money is just a tool, but value—the ability to help others and make the world better—is the true measure of wealth.

Jayden, Skylar, Dylan—this book is my gift to you. It’s my way of passing on everything I’ve learned so far and everything I hope you will build upon. Read it, question it, and use it as a foundation to grow. And remember, your mom and I are always here to support you every step of the way.

With all my love and pride,
Dad

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