The rising cost of college and the complexity and inadequacy of financial aid programs put college out of reach for a majority of lower-income working adults. The price of tuition, books and fees is soaring, and financial aid is not keeping up with these rising costs. One solution is to provide low interest loans through Community Development Financial Institutions, and to pair these new loans with financial coaching. With support through grants from Northwest Area Foundation and the Turnstone Family Fund, this paper seeks to explore this new idea to help students enroll, persist and succeed in post-secondary education and training.
This paper was commissioned by SkillUp Washington and Express Credit Union/ Express Advantage and prepared by Rich Nafziger, an economist and faculty member at Seattle University’s Institute for Public Service.
Click here to download the report: College Completion Fund Report.pdf
Click here to download the powerpoint: College Completion Fund Powerpoint