Madison, Wis.—As many as 40% of high school graduates from low-income households who have been accepted into college fail to enroll in the fall. The reason? Students must complete a series of crucial tasks over the summer, from finalizing financial aid to arranging campus housing. These tasks can be overwhelming, especially without the support of the school counselors who helped them get that far. This phenomenon, known as “summer melt,” is most prevalent among students who are first in their family to go to college.
Strategy Highlights Four Funding Priorities and a Nationwide Focus
Madison, Wis.—Ascendium Education Group (formerly Great Lakes Higher Education Corporation & Affiliates), the nation’s largest federal student loan guarantor and a leading postsecondary education and workforce training philanthropy, today unveiled a new funding strategy that builds on the organization’s existing grantmaking approach and expands its focus to new areas.
Renamed organization to continue focus on student success and education philanthropy
Madison, Wis.—Ascendium Education Group today released its 2018 Education Philanthropy Report, Clearing the Path, which describes the organization’s 2018 grantmaking aimed at promoting access and success in postsecondary education and workforce training among historically underrepresented learners. Ascendium’s grantmaking focuses on barriers facing students from low-income households, a disproportionate number of whom are students of color and first-generation students.