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$96,700 Grant Supports Student Emergency Fund
Removing economic barriers for students in crisis helps them stay on path to graduation
January 22, 2016
Milwaukee Area Technical College now has additional resources to help low-income students weather financial emergencies. Students can apply for small grants to help cover expenses just beyond their means, which allows them to quickly return focus to their academic pursuits.
The student emergency grant program at MATC is made possible by a $96,700 Dash grant from Great Lakes Higher Education Guaranty Corporation (Great Lakes). The grant will allow MATC to continue its emergency student assistance program, which was established three years ago through a separate grant from Great Lakes. MATC is one of 31 community and technical colleges in Iowa, Minnesota, Ohio and Wisconsin that received a combined $1.5 million in Great Lakes Dash grants to expand emergency grant programs that help low-income students overcome financial obstacles that might otherwise cause them to drop out.
“Milwaukee Area Technical College is extremely grateful for this grant from Great Lakes,” said Dr. Vicki J. Martin, MATC President. “These funds will enable our students to continue their education, complete their coursework and build a solid foundation for their future. The ongoing support we have received from Great Lakes has truly made a difference in the lives of thousands of our students.”
“Great Lakes is pleased to provide more resources to colleges like MATC that are dedicated to supporting students in times of greatest need,” said Richard D. 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.”
MATC will continue disbursing student emergency grants of up to $500 each. 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’ academic persistence.
To serve greater numbers of students throughout the Great Lakes grant period and beyond, the MATC Foundation will contribute matching funds during the 2016-2017 and 2017-2018 academic years. “Our shared commitment is key to making emergency grant programs sustainable long-term,” said Amy Kerwin, Vice President – Community Investments at Great Lakes.
To contribute to the student emergency grant fund, contact the MATC Foundation at 414-297-6900 or visit this page.
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 $154 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.