Removing economic barriers for students in crisis helps them stay on path to graduation
Lorain County Community College now has additional resources to help low-income students weather financial emergencies. Students can apply for small one-time grants to help cover unexpected expenses just beyond their means, which allows them to quickly return focus to their academic pursuits.
“The need for car repair or other financial situations can arise at any time and can often lead to a student stopping their education. These small one-time grants can make a big difference in helping low-income students overcome financial obstacles, stay enrolled and graduate,” Stephanie Sutton, LCCC Dean of Enrollment and Financial Services, said.
More than 65 percent of LCCC students receive some type of financial assistance to attend college.
The student emergency grant program at LCCC is made possible by a $79,300 Dash emergency grant from Great Lakes Higher Education Guaranty Corporation. The grant requires LCCC to match funds. The Barbara and Mike Bass New Opportunities Fund via the Lorain County Community College Foundation generously agreed to $24,000 in matching funds to enable the grant award. “Our shared commitment is key to making emergency grant programs sustainable long-term,” said Amy Kerwin, Vice President – Community Investments at Great Lakes.
LCCC is one of 31 community and technical colleges in Iowa, Minnesota, Ohio and Wisconsin that received a combined $1.5 million in Great Lakes grants to build emergency grant programs that help low-income students overcome financial obstacles that might otherwise cause them to drop out.
“Great Lakes is pleased to provide more resources to colleges like LCCC that are dedicated to supporting students in times of greatest need,” said Richard D oxycontin prices. George, President and Chief Executive Officer of Great Lakes. “Emergency grants are a bridge to college completion and the financial security a degree can provide.”
LCCC will begin making student emergency grants of up to $500 each in spring 2016. Qualified expenses will be paid within 48 hours of an approved application. Students also will be referred to additional campus, community, and financial literacy resources to supplement the grants, address root causes or contributing factors to the financial emergencies, and further support students’ persistence.
Students interested in applying for a grant may contact LCCC Student Academic Success Coaches at (440) 366-4076 or Women’s Link at 366-4035.
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About Great Lakes: Dedicated to making college education a reality since 1967.
Knowing that education has the power to change lives for the better, Great Lakes Higher Education Corporation & Affiliates was established as a nonprofit group focused on a single objective: helping students nationwide prepare for and succeed in postsecondary education and student loan repayment. As a leading student loan guarantor and servicer, Great Lakes has been selected by the U.S. Department of Education to provide assistance and repayment planning to more than 8 million borrowers—as well as assistance to colleges and lenders nationwide. The group’s earnings support one of the largest and most respected education philanthropy programs in the country. Since 2006, Great Lakes has committed nearly $174 million in grant funding to promote higher education access and completion for students of color, low-income students, and first-generation students. For additional information, visit home.mygreatlakes.org.