Eighteen states and dozens of local jurisdictions and institutions have established “promise programs” to make college free. A panel of educators and economists addressed program success at a recent FutureEd event.
In its report “Navigating The New Normal: Financial Imperatives For MSI Effectiveness and Avoiding Financial Exigency,” the Southern Education Foundation suggests that trustees could better understand their institutions’ financial health with answers to these questions.
1. What is the discount rate for entering freshmen versus for continuing students?
2. What is the blended discount rate?
Following are three key questions campus leaders must consider when offering financial training to the board of trustees.
Marion Technical College’s Buy-One, Get-One tuition model will fund all sophomore-year tuition costs for students working toward an associate’s degree.
Latino students complete degrees at lower rates than other ethnic groups—and are more likely to still be enrolled after six years. Higher ed institutions are developing supports as a result.