Sallie Mae And Delaware State University Announce Partnership to Address Barriers to College Completion
The Sallie Mae Fund Commits
The
“The Institute for Black Economic Mobility at McKinsey & Company already makes the case that nontraditional investments like this one coupled with the natural talent pipeline that HBCUs continue to provide could increase Black worker incomes by around
The number of students with some college experience but no degree has reached 40 million, 6.5 million of whom are Black students. For Black students, particularly those from low-resource communities, HBCUs are the best return on investment and remain the primary driver of moving low-income Black people into the middle class. Additionally, HBCUs advance students from lower-income families to higher incomes at roughly twice the rate of non-minority serving institutions.
“We know the promise of a higher education comes from earning a degree, yet too often, underserved and underrepresented students face obstacles that cause them to stop-out or drop out altogether,” said Jon Witter, CEO, Sallie Mae. “Our mission-aligned partnership with DSU aims to remove barriers to degree completion so that more students have the resources they need to cross the finish line.”
Through a collaborative, student-centered and data-informed approach, research findings and learnings will be presented at a future DSU HBCU Philanthropy Symposium to offer outcomes and recommend solutions that can be broadly considered and implemented at HBCUs and institutions nationwide.
“Ensuring every institution of higher learning here has the same opportunity to provide an unparalleled educational experience is a priority of Delaware’s congressional delegation,” said
Details of the new strategic partnership were announced at the Delaware State University Scholarship Ball in front of supporters and members of the
For more information visit www.salliemae.com.
Category: Community and Philanthropy
Sallie Mae (Nasdaq: SLM) believes education and life-long learning, in all forms, help people achieve great things. As the leader in private student lending, we provide financing and know-how to support access to college and offer products and resources to help customers make new goals and experiences, beyond college, happen. Learn more at SallieMae.com. Commonly known as Sallie Mae, SLM Corporation and its subsidiaries are not sponsored by or agencies of
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Tacy Cresson
302.265.5616
tacy.cresson@salliemae.com
Source: Sallie Mae