Wealth & Poverty from Marketplace APM

A new approach to increasing low-income college grads


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Just over a decade ago, low-income students at Georgia State University graduated at barely half the rate of other students. Today that gap is closed, thanks to initiatives like more intensive advising and grants of as little as $300 to cover unmet financial need.Meanwhile, the ASAP program at City University of New York nearly doubled completion rates for community college students, by giving them more academic support.“We want to lift up those examples so that they can be replicated by other institutions,” said U.S. Secretary of Education John King. The programs are highlighted in a new report from the U.S. Department of Education. Taxpayers spend almost $30 billion a year to help send low-income students to college through the federal Pell grant program – not to mention billions more in subsidized loans. Yet only half of those students actually finish college within six years.The report does not call out colleges by name that are doing a poor job, though it does flag the Ivy League for not admitting more low-income students. At some schools fewer than one in 10 students receive Pell grants.“I think it’s a good sign that the federal government is beginning to pay attention to something that has been too long ignored, and that is whether or not our Pell grant students are actually graduating,” said Tom Sugar with the advocacy group Complete College America.Pell graduation rates matter, he said, and not just because taxpayers are spending billions of dollars on the program."People who complete college are much more likely to have jobs and to earn more," said Lauren Asher, president of the Institute for College Access and Success. “It’s getting harder and harder to reach or stay in the middle class without some kind of college education.”One big reason so many low-income students don’t graduate, she said, is the rising cost of college.At $5,775 a year, “the maximum Pell grant covers just 29 percent of what it costs to go to a public four-year college, in-state ,” ...
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Wealth & Poverty from Marketplace APMBy American Public Media

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