News & Events

 

 

 

Press Release

2013-2014

 

February 13, 2014

 

IMPACT program holds Financial Literacy workshop

 

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Fifty six students in Cowley College’s IMPACT program attended a Financial Literacy workshop in the McAtee Dining Center’s private dining room on Monday, February 10. The meeting was for students receiving supplemental grant aid for the 2013-2014 school year.

Students receiving the money had to be a Pell grant recipient, have unmet need left and fulfill other obligations for the IMPACT program.

“The competition was really tough this year,” Jason O’Toole, director of IMPACT/Student Support Services grant said. “We actually had over 80 students who fulfilled the requirements for the supplemental grant aid but the final 56 students were determined by GPA.”

The cutoff for receiving the supplemental grant was a 2.82.

Fifty two students received $605 each, while four students received a $605 scholarship for their schooling at Cowley in place of the supplemental grant aid. Five additional students were able to reduce their loans because of the supplemental grant aid.

The overall average GPA for the 56 students receiving the supplemental grant aid/scholarships was 3.38.

Research shows that there is a positive effect on the persistence of disadvantaged students when institutions have a strong student support services program and provide more financial grant aid to students. The goal of providing these grants is to help reduce students' unmet need or loans, so that they are more inclined to stay in school and graduate. 

Through a grant competition, funds are awarded to institutions of higher education to provide opportunities for academic development, assist students with basic college requirements, and to motivate students toward the successful completion of their postsecondary education. Student Support Services (SSS) projects also may provide grant aid to current SSS participants who are receiving Federal Pell Grants. The goal of SSS is to increase the college retention and graduation rates of its participants.