$54,500 GRANT SUPPORTS STUDENT EMERGENCY FUND AT HENNEPIN TECH

Removing economic barriers for students in crisis helps keep them on path to graduation.

Hennepin Technical College (HTC) 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.

“At HTC, we are committed to helping our students complete their education so they can go on to fulfilling careers,” said Dara Hagen, Interim Provost. “We know that unexpected financial emergencies can derail a student and possibly cause them to leave school. We’re thrilled that Great Lakes Higher Education Guaranty Corporation has awarded us this grant, so we can help those students stay in school and complete their courses.”

The student emergency grant program at HTC, known as the “Crisis Grant,” is made possible by a $54,500 Dash emergency grant from Great Lakes, to be used over the 2016-2018 academic years. HTC is one of 31 community and technical colleges in Iowa, Minnesota, Ohio and Wisconsin that received a combined $1.5 million in Great Lakes grants to build emergency grant programs that help low-income students overcome financial obstacles that might otherwise cause them to drop out.

“Great Lakes is pleased to provide more resources to colleges like HTC 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.”

HTC began making student emergency grants of up to $500 each in spring 2016. This was the pilot phase to begin outreach to students to make sure those who need it are aware of the Crisis Grant now and in the future. 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’ persistence

To serve greater numbers of students throughout the Great Lakes grant period and beyond, HTC 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.

MORE INFORMATION

  • If you would like to contribute to the Crisis Grant at HTC, please contact the Foundation at 763-488-2401.
  • If you would like to know more about the Crisis Grant or aaply for it, please contact Enrollment Services at 952-995-1300 or info@hennepintech.edu.

ABOUT HENNEPIN TECHNICAL COLLEGE
Hennepin Technical College is Minnesota’s largest technical college, serving more than 10,000 students at campuses in Brooklyn Park and Eden Prairie. HTC offers more than 45 programs of study, leading to certificates, diplomas, and Associate’s degrees. The college offers day, evening, weekend, and online courses. In addition, cutting-edge continuing education and customized training programs are available through HTC’s Customized Training Services.

HTC is a member of the Minnesota State Colleges and Universities system comprised of 31 universities and community and technical colleges serving the higher education needs of Minnesota. The system serves about 260,000 students per year in credit-based courses and an additional 164,000 students in non-credit courses.

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 over $160 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.
 


Last updated by jlaabs : 2016-06-09 09:47:53