Monroe Community College has been awarded a second, $200,000 grant from the U.S. Department of Health and Human Services to expand its Save for Success program, in an effort to make college more affordable for economically-disadvantaged students, officials at the school stated.
MCC is one of only two U.S. community colleges that has received the award.
MCC officials said Save for Success is a community collaboration among MCC, MCC Foundation, Hillside Work-Scholarship Connection, PathStone Corporation, and ESL Federal Credit Union.
In addition, officials said the program will use the new grant to focus on helping first-generation college students who have recently completed high school, achieve their educational goals.
“We already have a grant, so this is a second grant,” Vilma Patterson, associate director of student services at MCC’s Damon City Camus, stated. “So, we’re going to have two grants running at the same time, and we are just interested in expanding this opportunity for additional students. The students who have gone through our round one had great feedback, and really appreciated the additional financial assistance. We applied for round two so that we could make this available to even more students.”
Eligible students must save up to $375 over the course of 18 months to qualify for the program, and, in turn, those students will receive an 8-to-1 match on their savings to offset the cost of tuition, books, and other educational essentials.
Students who max out their contributions will receive $3,000 to use toward their MCC education.
MCC launched the program in 2014, in collaboration with PathStone Corporation and ESL Federal Credit Union, with a $200,000 grant from the U.S. Department of Health and Human Services.
Eligible students will also receive financial education/planning, career counseling, tutoring, and other wraparound services as part of the program, MCC officials stated.
Interested individuals may visit www.saveforsuccess.org to apply for the program.