Chippewa Valley Technical College Foundation, Inc. is committed to making sure students with emergency financial needs don’t have to choose between their education and covering unforeseen expenses, thanks to a three-year grant from Great Lakes Higher Education Guaranty Corporation (Great Lakes).
The $85,000 grant over three years is part of a larger grant awarded to the 16 colleges in the Wisconsin Technical College System. At Chippewa Valley Technical College, the funds supplement the CVTC Foundation’s existing Student Emergency Fund. The Great Lakes grant funds will be available to students who have significant demonstrated need and are eligible for Federal Pell Grants. Through the program, Pell-eligible students can apply to receive small grants ranging from $20 to $500 to cover urgent, unforeseen expenses. Chippewa Valley Technical College Foundation’s goal is to help all students remain in, and complete, college and realize the many benefits completion brings to students and their families.
“Unforeseen and temporary financial setbacks are one of the top reasons our students drop out of Chippewa Valley Technical College,” said Heidi Fisher, director of the CVTC Foundation, Inc. “Through the grant from Great Lakes, we hope to be able to keep many of our valued students in school and provide then with necessary resources to be successful – something we hope to continue moving forward.”
The grants – up to $140,000 per college, based on enrollment – are made available through Great Lakes’ philanthropic Community Investments program. Great Lakes has partnered with Scholarship America to customize its emergency grant assistance program for the unique needs of Wisconsin’s technical college students.
“Completing an academic program beyond high school is critical in preparing for a job in today’s workforce. This is only possible if students stay in school,” said Lauren Segal, CEO and president of Scholarship America. “Not only is it important for these individuals and their families, but it impacts the community’s economy, culture and social well-being – issues that affect all of us.”
Scholarship America is a national education service organization that mobilizes support for students getting into and graduating from college. Scholarship America has distributed more than $2.7 billion in scholarship assistance to more than 1.8 million students over the last 50 years. Scholarship America’s programs help fund both entry-level and multi-year scholarships as well as emergency financial grants.