WASHINGTON – Washington State University President Elson S. Floyd is among a number of leaders joining President Obama, the First Lady, Vice President Biden and hundreds of other higher education leaders today to announce new actions to help more students prepare for and graduate from college.
The White House College Opportunity Day of Action helps to support Obama’s commitment to partner with colleges and universities, business leaders and nonprofits to support students across the country and help the nation reach its goal of leading the world in college attainment.
This year’s summit is focused on building sustainable collaborations in communities with strong K-12 and higher education partnerships to encourage college-going and to support colleges in working together to dramatically improve persistence and increase college completion, especially for first generation, low-income and underrepresented students.
Participants were asked to commit to new action in one of four areas: building networks of colleges around promoting completion, creating K-16 partnerships around college readiness, investing in high school counselors as part of the First Lady’s Reach Higher initiative, and increasing the number of college graduates in the fields of science, technology, engineering and mathematics (STEM).
Obama was expected to announce new steps on how his administration is helping to support these actions, including announcing $10 million to help promote college completion and a $30 million AmeriCorps program that will improve low-income students’ access to college. Today’s event is the second College Opportunity Day of Action, and will include a progress report on the commitments made at the first day of action on Jan. 14, 2014.
Expanding opportunity for more students to enroll and succeed in college, especially low-income and underrepresented students, is vital to building a strong economy and a strong middle class. Only 9 percent of those born in the lowest family income quartile attain a bachelor’s degree by age 25, compared to 54 percent in the top quartile.
In an effort to expand college access, the Obama Administration has increased Pell scholarships by $1,000 a year, created the new American Opportunity Tax Credit worth up to $10,000 over four years of college, limited student loan payments to 10 percent of income and laid out an ambitious agenda to reduce college costs and promote innovation and competition.
Robert Strenge, WSU News, 509-335-3583, email@example.com