Five Reasons Colleges Can Enroll More Low-Income Students
A person’s income does not determine their talents and abilities, however, it can determine their access to pursue their interests. Seeking out low-income students opens our society to a new pool of students that might otherwise be overlooked.
Below is an article from The Hechinger Report that outlines the benefits of expanding college opportunity to those that wouldn’t otherwise be able to afford to attend a higher education institution. After reading the article, give us a call at SpendBridge. We would enjoy the opportunity to assist you as you work to increase the number of low-income students at your university.
Source: hechingerreport.org | Re-Post SpendBridge 12/6/2017
More than 80 leading colleges and universities are committed to a 2025 national goal of enrolling 50,000 more lower-income students in institutions with a 70 percent or higher graduation rate.
This bold effort comes through the American Talent Initiative, launched late last year by Michael Bloomberg, the former New York City mayor.
When people ask me why I believe in the initiative, I love talking about the talent and drive of my first-generation mentees. I tell them about Michelle Bailey, from Alexandria, Pennsylvania, who graduated ninth in her class at Franklin & Marshall and now holds a Fulbright ETA Award in Taiwan. I also tell them about Ashley Christopherson, from Reno, Nevada, who graduated magna cum laude and now advocates for rural students through the College Advising Corps.
That said, to make the best argument for expanding college opportunity, we can also move beyond anecdotes and cite the findings of a growing body of research. Here are five crucial points that stand on a bedrock of evidence.
1. America has a deep pool of strong, financially needy students for colleges to recruit. That’s the key finding from Caroline Hoxby and Christopher Avery’s The Missing “One-Offs”: The Hidden Supply of High-Achieving, Low-Income Students.
Just how deep is the pool? Hoxby and Avery identified 25,000 to 35,000 students whose academic records place them in the top four percent of all students and whose families earn less than $41,472 per year.