That’s 30 percentage points lower than their high-income peers.
Nearly two-thirds of low-income students attend community colleges and for-profit institutions, which often have lower graduation rates.
By distributing the aid money on a fixed, bi-weekly basis, the program helps the student achieve a healthy balance of time and dedication between school and a job.
Such a balance eases stress and allows the student to put the proper amount of focus on studying and homework.
Nowadays, college degrees are more important than ever.
Data estimates that by 2020 65% of job offerings will require a college degree.
Thus, they were allowed to triple the number of students they help.
The mission of MDRC is all about “developing and testing solutions to the wide range of challenges that confront low-income individuals, families, and children”.
The organization is partnered with 35 colleges to aid those students who are generally underrepresented in the higher education sphere.
NCAN utilizes four strategies to assist states, schools, businesses, nonprofit organizations, and philanthropists to provide better education access to low-income and underrepresented students.