RCTC receives $59,500 grant
RCTC 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 Rochester Community and Technical College is made possible by a $59,500 Dash emergency grant from Great Lakes Higher Education Guaranty Corporation. Rochester Community and Technical College 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 Rochester Community and Technical College 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.
Rochester Community and Technical College will begin making student emergency grants of up to $500 each. A pilot program begins March 14, 2016 and runs through May 31, 2016. The full program starts fall semester of 2016. 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.
RCTC Dean of Student Success, Lisa Mohr, states that Qualified students must be Pell grant recipients during the semester they apply for the grant. The grant can be used for expenses such as rent, utilities, car repairs, transportation and backup daycare.
To serve greater numbers of students throughout the Great Lakes grant period and beyond, Rochester Community and Technical College 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.