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Reigniting the American Dream . More than 12 million students enroll in more than 1,200 community colleges across the country every year . More than half will drop out due to financial barriers . Students Drop out because the can’t afford to Stay in .
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More than 12 million students enroll in more than 1,200 community colleges across the country every year. More than halfwill drop out due to financial barriers.
Financial interventionand coordinated services increase the ability of students to stay in school. Percentage change in retention rates Opening Doors Scholarship Program Louisiana Community and Technical College System Dreamkeepers Program Martin County Community College
Single Stop has developed a solution that replicates these financial interventions at scale using existinguntapped resources.
Celebrating Single Stop’s class of 2014 https://www.youtube.com/watch?v=qqnBWoaXIsU Privileged & Confidential
The Single Stop Model and Core Services Single Stop provides technology, training and technical assistance to help colleges build the infrastructure and the expertise they need to better connect low-income struggling students to untapped underutilized resources and services. Students and families
Technology allows us to meet a diversity of students needs and maximize reach without trading on service quality.
Single Stop builds on what works and seamlessly integrates with (and connects) existing programs and services. Academic advising Financial aid Career services Enrollment management Health and counseling services Student affairs
Impact to Date 20:1 return on investment 2 White House Social Innovation Awards 21 community college partners in eight states $2.5 billion drawn down 866,000households served
Single Stop effectively doubles maximum Pell. Students who confirm receipt of benefits at Single Stop are drawing down nearly $5,400, effectively doubling the maximum Pell award. And the value is even greater because this analysis does not include tax credits, a major driver of impact at all Single Stop sites, or social services such as legal advising and financial counseling. Value of Services Total support to students
Single Stop significantly impacts retention. Research suggests that students who receive Single Stop services persist at significantly higher rates than those who do not.
Since 2012, Single Stop served more than 5,000 students at Delgado, helping them access benefits and services valued at over $7.7 million. “Single Stop has made a tremendous difference. Seldom do people fail because of academics alone...It’s often the social and financial issues that students can’t overcome.” Louisiana Technical and Community College System President Monty Sullivan 2,360 Students have been screened for benefits with receipt valued at over $1.6 million. 170 Students have received free Financial Counseling. 564 Students have received free Legal Services. 2,673 Students filed taxes with over $4 million federal and state refunds and avoidance fees.
Producing more college graduates isn’t just good for students and society. It’s also good for business.
Single Stop increasingly affects the bottom line of its community college partners. Increased retention yields healthier families and stronger communities but it also creates value for public and private stakeholders, and generates revenue for colleges. Enrollment9,600 Attrition rate for first time full time students Y1-Y2 17.9% First year students not returning 1,718 Per student gross revenue$8,500 Total college loses in gross revenue due to attrition$14,603,000 Students not returning but eligible for Single Stop services859 Projected impact on retention 15% Additional students retained due to Single Stop services129 Per student gross revenue$8,500 Potential savings in decreased attrition ~$1,096,500
Why North Carolina? By 2020, 63% of North Carolina jobs will require a certificate or college degree. Today only 36% of the state’s workforce has a college degree.
Mapping the opportunity in North Carolina. The Opportunity in North Carolina. Statewide commitment to innovation SuccessNC, Completion by Design. More than 50% of students receive Pell Grants. Nearly 60% of North Carolina community college students do not attain a certificate, associate degree or transfer within 6 years. 820,000 students enrolled in community college. 3rd largest system in the country.
Typical costs and financing strategies. Single Stop works with its college partners to develop localized plans for launching, financing and ultimately institutionalizing “Single Stop” services. Typical partnership costs: ~$150k per site for Single Stop Services ~$150k per site to operate on-the-ground services
It’s all connected… To do well in school you need food and shelter. To provide for your family you need a good job. And you can’t get a good job unless you have an education.
DISCUSSION AND Q&Afor more information: ANDY STETTNER – ASTETTNER@SINGLESTOPUSA.ORGNATE FALKENR – NFALKNER@SINGLESTOPUSA.ORG
A Stronger North Carolina. Access. Workforce. Retention. • Links to local corporations and wraparound services for NCReady4Work • Single Stop programs complement SuccessNC initiatives • Integration w/ College Foundation of North Carolina’s application portal Stronger North Carolina economy. Single Stop Enrollment. Graduation.
