December 1, 2011, 10,000 Degrees hosted "Finding the Money" a breakfast for adult advocates and allies to review our findings about how low income students are really paying for college and updates on the 10,000 Degrees scholarship process.
4. PIPELINE OF SERVICES FROM THIRD GRADE TO A COLLEGE DEGREE AND BEYOND Alumni stay connected, the cycle continues, the movement grows. Planting the Seed College Tours Early Awareness Financial Education/College Planning Information and Guidance College Institute Mentoring College & Financial Aid Counseling College Matching Financial Education & Aid Meaningful Scholarships Other Free Aid Financial Aid Counseling College Completion Support 84% Graduation Rate Next Step Alumni Engagement ELEMENTARY SCHOOL MIDDLE SCHOOL HIGH SCHOOL SENIOR YEAR COLLEGE ALUMNI
Introductions Leave with - understanding of our process - what they can do to help students - how we can help.
Name Change – Mission remains
Our Solution is a killer app—84% of our students graduate from college within 6-years and more than 30% start of off at community college. We combine the planting of a dream (low-touch programs) with the age-appropriate needed information and guidance, and financial education with meaningful and renewable financial aid and the necessary college completion support. This And the greatest part about this model, is our college graduates return to be the volunteer mentors of our students, college advisors, staff, Board and volunteers. We currently have 350 active alumni—they are paying it forward and growing the movment. Nothing illustrates the profound change we ’re creating like the appointment of our first alumnus as Board Chair. Saul Pena. He is a graduate of the University of San Francisco, a Vice-President with Dodge & Cox Investment Managers, and an active contributor of funds, time and leadership. The by-product of this model is systemic change—as college graduates return to their communities, having experienced a powerful transformation, the cycle continues and they strengthen the movement. This model propels the advocacy arm of 10,000 Degrees. In 2004, we launched the Educational Equity Campaign, convenining community leaders, school personnel and leaderships, parents and students to share and reflect on data, Next Step: a program that is in its nascent stage as we just hired our first full-time College Completion Coordinator to focus on this area. The program really begins while they ’re in college, during winter and summer breaks—they attend alumni panels, information interviews and internships. 254 students in SAI has served more than 500 students, 98% college enrollment, last three years has been 100% college enrollment. Given our recent 3 rd party evaluation, we have an evaluation and learning loop that feeds back to program …..
Every high schools – comprehensive and alternative and many privates Pell eligible
30% community college. 50% public institution We sent 350 students to 89colleges around the US..
Graph: schools attended 30% CC 45% public 25% private
Financial aid is not keeping pace with the rising costs. Over time, our students average unmet need has gone from $8000 to $12,000 over the last 4 years. And we know in considering college, that the question is not entirely about access anymore…
Students from the lowest income quartiles are not completing college. This shows a six year completeion rate of 54% .. But I have seen a recent report that put the graduation rates for students in the lowest income quartiles at 9% I ’ve seen report that graduation rates for the lowest income quartile ore 9% Graph of grad rates – students who start at 4 year schools who graduate in six years Us 55.9% Ca: 63.1% -- 10KD: 84%
Once at the threshold of college, one of the biggest pieces of the enrollment and persistence puzzle is how students are financing college. Knowing that our students were facing an increasing unmet need, and rising costs, we wanted to understand how students are really paying for college so that we could focus on closing that gap. This year we collected comprehensive financial aid profiles on our scholarship recipients. Wanted to know how students are really meeting that unmet need portion of their education (and in some cases how they are covering the Estimated family contribution) Cal Grant – Surprised… Underutilized in state Credit cards – Reducing school to work more Looking for trends
The importance of grant Free $$ is well researched, and
Through our scholarship programs and financial education outreach and workshops our goal 0-- Donor advised (about 20 different fund) in FY 11 awarded 173 students $ 371,130 Criteria Low income households (Pell grant eligible) Postsecondary education (post high school)
Outreach How do we move from applicants to awards. Applications are due March 2. Review basic criteria ( Review transcripts “ Audit” of 10% of applicants Motivation, persistence and perseverance Community grounded reading, tested rubric that looks at answer of the question vs. grammar, essay in native language, readers are community members who come together for a day. Each essay is read twice, discrepant scores are scored by chief reader. Slightly different process for renewals (progress, continueing financial need ) Finalist pool developed New awards = Basic eligibility + essay + financial need Renewals = Progress + eligibility + continuing financial need Process consistenet with HR4 pension protection act, and the Council on Foundation guidelines on schoalrship
How do we move from applicants to awards. Applications are due March 2. Review basic criteria ( Review transcripts “ Audit” of 10% of applicants
Chief reader is Patricia Holland – trains a group of 10 readers who spend a Saturday in April scoring the essays. that looks at answer of the question vs. grammar, essay in native language, readers are community members who come together for a day. Each essay is read twice, discrepant scores are scored by chief reader.
Combine those two with a calculation of financial need. – Federal Pell formula. EFC provided on application – or students can complete financial worksheet and we will calculate internally. Slightly different process for renewals (progress, continueing financial need ) Finalist pool developed New awards = Basic eligibility + essay + financial need Renewals = Progress + eligibility + continuing financial need Process consistenet with HR4 pension protection act, and the Council on Foundation guidelines on schoalrship
We want to ensure that our awards make a meaningful difference in our students financial need. Maintain an average award – Scholarship budget plus finalist pool, develop an award matrix. Challenge. Always more finalists than $$ -- struggle, fewer new students to ensure renewing support, reduce maximum award, only award essays of 7 and 8, reduce threshold of financial need.
Scholarships that have a community invovlement, or donor designated restrictions. Examples Asian Scholarship Fund BFA schoalrship – jewish descent Kryzanowski Family Scholarship Carol Bartz Scholarship for Math, Science and Technology..
Structuring post-secondary scholarships to increase student success. ” On our experience of 30 years, but learning from leaders in the field. Pre-enrollment services - academic preparation, application assistance and financial aid guidance
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