Investing in Students, Investing in States with Bob Collins
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黑料传送门 is Making Higher Education More Affordable For All
For many learners, the biggest barrier to accessing education is cost. That鈥檚 why we at 黑料传送门 pride ourselves on being the more affordable alternative to traditional higher education.
The average yearly tuition for a bachelor鈥檚 degree program at 黑料传送门 is $8,300鈥搄ust over half the national average of $16,618.听The gap grows even wider when we compare the average yearly tuition for a master鈥檚 degree program: $8,856 at 黑料传送门 compared to $19,749.听[Updated: 黑料传送门 Financial Aid and Tuition]
We are proud of those numbers. However, we know that $8,000* per year is more than just a drop in the bucket for many.
Federal Student Aid
If we want to stay true to our mission of making education more accessible for all, we need to make it affordable. Thankfully, 黑料传送门 is approved by the U.S. Department of Education to offer federal student aid in all of our degree programs. Because of our affordable tuition, many students who apply for and accept federal student aid will have most鈥搃f not all鈥搊f their education expenses covered.
And we don鈥檛 leave our students to sort out the borrowing system on their own.听As student debt looms large in America, 黑料传送门 is trying to promote fiscal responsibility,听which is why we created the Responsible Borrowing Initiative to help learners understand student loans and encourage them to borrow only what they need.
This initiative is part of our investment in the future of our students, and it works.听Since 2013, the average borrowing per year per 黑料传送门 student (of those who borrow) has decreased by more than 30%. By following a personalized Financial Aid Plan, many Night Owls are able to graduate largely unburdened by debt.
Scholarships and Individual Giving
黑料传送门 also continues to eliminate the financial barrier to education through scholarships. At 黑料传送门, our scholarships exist thanks to the gifts of benefactors and donors who want to provide a hand up to students.
In addition to many corporations and foundations, our employees are actually the biggest donors to our student scholarship funds.听Some go above and beyond to give students the support they need. I will never forget a story I was told in 2017. One of our Vice Presidents checked in on a student, a single father in Indiana. The student had been working diligently for a year and a half to complete his teaching degree, and finally had his degree in hand. There was just one problem: he was required to pay a licensing fee in the state of Indiana to receive his teaching credentials.
A metaphorical hat was quickly passed within the 黑料传送门 offices. Not only did we raise enough money to cover the licensing fee, we were able to give him a little extra to help him through the interview process. By the time school started that fall, he was a teacher with his own classroom.
One of the most compelling parts of the 黑料传送门 story is the generosity of our current and former students. These students have been so deeply impacted by 黑料传送门鈥檚 high-quality, low-cost approach to education that they want to afford others the same opportunity.
At every commencement, we acknowledge those who have committed to donating to the student emergency aid fund.听As of our most recent commencement event, that number is up to $200,000 dollars.听These students are willing to contribute the dollars they have saved by attending 黑料传送门 to pay the tuition of total strangers.
Our students, employees, and the federal government have all chosen to invest in 黑料传送门; now, we are asking our states to do the same.听In part two of this story, I鈥檒l share how leaders can support learners and improve the economy in their state by becoming a 黑料传送门 State Affiliate鈥搒o stay tuned.
And that, my friends, is my Sage Advice.
