19. June 2012 10:12
Program designed to support disadvantaged students during financial emergencies
Students who come across unforeseen financial emergencies will no longer have to give up their dream of achieving an education, thanks to Great Lakes Higher Education Guaranty Corporation (Great Lakes).
Great Lakes has approved Moraine Park for up to $85,000 in Emergency Grant Assistance for Pell-eligible students. The grant, which was opened to colleges within the Wisconsin Technical College System, provides students in need with small grants to address unexpected expenses that too often get in the way of continuous enrollment and eventual program completion.
“This is a wonderful opportunity for students who may have unexpected financial needs after they begin their education at Moraine Park,” said Sheila Ruhland, Moraine Park president. “Grant funds will help student retention and completion and, ultimately, ensure student success in reaching and obtaining their educational and career goals.”
This grant opportunity is focused on students who have significantly demonstrated financial need and are more likely to leave college if confronted with a financial setback. Through the program, Pell-eligible students faced with urgent, unforeseen expenses can apply to receive small grants —typically from $200 to $500 — to cover costs that can get in the way of program completion.
Moraine Park has over 1,000 students currently on Pell grants. Ninety-eight percent of the students who have received funds through our current Student Emergency Fund are Pell grant recipients, so the College has seen demonstrated need.
"From a retention standpoint, we know that one of the main reasons students leave secondary educational institutions prior to degree completion is lack of available funds,” said Kelly Norton, Moraine Park Foundation director. “Emergency grant funds like this provide Moraine Park with the opportunity to get a student back on their feet and moving toward degree completion and academic success. In turn, these students become productive members of our society, contributing to our community’s strength and vitality.”
Great Lakes awarded grants to Wisconsin’s 16 technical colleges with the goal of helping students remain in, and complete college and realize the many benefits completion brings to students and their families. The grants—up to $140,000 per college, based on enrollment—are made available through Great Lakes’ philanthropic Community Investments program. The $1.9 million, three-year initiative will also measure the effectiveness that emergency grant assistance has on student retention and graduation to inform future funding decisions.
“This program is a perfect example of a public-private partnership at work,” said Daniel Clancy, president of the Wisconsin Technical College System. “Emergency assistance can make a real difference in students’ success. It’s great to see Great Lakes step up again to reinvest in technical college students and provide this level of customized support.”
For more information on Moraine Park, visit morainepark.edu.