EDUCATION PHILANTHROPY DIVISION OF ASCENDIUM EDUCATION GROUP
We know learners from low-income backgrounds have the same abilities as high-income learners. Ascendium is working to change postsecondary and workforce training systems so that low-income learners have the same opportunities for academic and career success. To that end, we award exploration, validation and scaling grants in four focus areas that foster upward social mobility.
We hope our work contributes to a future where more learners from low-income backgrounds earn degrees and credentials in postsecondary education and workforce training. We envision this leading to improved labor market success and socioeconomic mobility for these learners.
To assess the progress of our strategy on the changes we seek, we monitor data points related to first-year persistence, degree and credential completion, time to completion and job placement.
While 2022 saw much of the country finally turn a corner on the challenges posed by the COVID-19 health crisis, for many nonprofit organizations, there is little time to relax. These organizations require sustained funding and resources to meet the needs of community members even in the best of times. During times of hardship, those needs are exacerbated. That's why Ascendium stepped up its support this year with over $6.6 million in giving to nonprofits where its employees live and work.
Read MoreAscendium’s education philanthropy grant program operates within Ascendium Education Solutions, Inc., a member company of Ascendium Education Group, Inc. & Affiliates. Ascendium Education Group has helped millions of learners pursue postsecondary education since 1967, when it was formed to help fulfill the promise of the landmark Higher Education Act of 1965. Over the years, Ascendium has grown to become not only the nation's largest federal student loan guarantor, but also one of the most active postsecondary education philanthropies.
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