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  • STUDENT FINANCIAL HEALTH INITIATIVE


    Student Success

    Student Financial Health for College Success


    IMPROVING THEIR FORTUNES
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    Student success in college depends on financial well-being.Beyond tuition and fees, students must account for the many costs of pursuing their degrees. Low-income, nontraditional students are especially vulnerable to dropping out due to lack of financial resources.



    Early Alert Process

    The process is the solution


    PRE-COLLEGE FINANCIAL HEALTH EARLY ALERT INITIATIVE
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    The Pre-College Financial Health Early Alert Initiative (EAI) at LaGuardia Community College is an access and success project that promotes financial health among low-income students making the transition to college credit studies.

    The EAI aims to build capacity to develop systems and interventions that promote financial healthacross the board. Grounded in evidence-based research and thorough outcomes assessments,the EAI provides a testing ground for new student services, tools and curricula.


    Family Income Chart
    "Tuition for low-income students can be covered by federal financial aid programs, but these students often have significant other costs - including housing,transportation, food and childcare - that regularly pose obstacles to their education."

    Gail O. Mellow,
    President, LaGuardia Community College
    The New York Times, August 28, 2017


    CAMPUS RESEARCH
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    • • 42% of LaGuardia Community College students cite financial challenges as the reason for dropping out of school.

    • • In 2015-16, the average “unmet need” was $9,384 for dependent and $13,424 for independent students.

    • • The majority of LaGuardia students work full-time or part-time while taking classes.

    • • Three-in-four of our students do not regularly add to their savings. 39% of students rarely or never do so.


    "How am I managing my finances?
    Barely. Can we even call it managing when there's nothing to manage?"

    LaGuardia Community College Student


    WHAT IS MORE LIKELY TO MAKE IT DIFFICULT FOR YOU TO STAY IN COLLEGE?


    Please select three of your biggest concerns

    WHAT IS MORE LIKELY TO MAKE IT DIFFICULT FOR YOU TO STAY IN COLLEGE?


    HOW LAGUARDIA PROMOTES STUDENT FINANCIAL HEALTH


    LaGuardia Community College was founded 45 years ago as part of the City University of New York as a bold experiment in opening the doors of higher education to everyone. We help disadvantaged New Yorkers move out of poverty and into the middle class through education.

    Many of our students graduate with little or no student loan debt. In fact, many of our programs are free—supported by grants from generous foundations and New York City agencies.

    We provide extensive support services, such as an on-campus food pantry, subsidized daycare for our student-parents, staff dedicated to helping students access public assistance, safe housing, and more.

    The LaGuardia Community College Foundation raises more than $3.5 million annually and gives out nearly $1.8 million annually in scholarships and emergency financial support to our primarily low-income and new-immigrant students.

    For more information on LaGuardia’s Pre-College Financial Health Early Alert Initiative and how to partner with us contact us at (718) 482-5385 or CCPI@lagcc.cuny.edu.