Giving Compass' Take:
- The Center for Higher Education Policy and Practice's recent report found that when basic needs funding was offered to college students, there was an increase in persistence rates.
- How can colleges unlock more avenues for students to gain access to funding? How can donors help increase accessibility?
- Read about innovative funding models for colleges.
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Basic needs funding for students at one college increased their persistence rates by up to 15.5%, according to a recent report from the Center for Higher Education Policy and Practice. Students at Southern New Hampshire University received federal pandemic relief grants to help them cover day-to-day necessities like food and housing. Grant recipients were more likely to stay enrolled months later than students who didn’t receive basic needs support, CHEPP’s report said. “While there are a myriad of options and approaches for supporting learners’ basic needs, just-in-time grants appear to be one way to offer a flexible measure that can support a variety of learner needs,” the report said.
During the pandemic, Congress approved three legislative packages with relief funding for higher ed totaling more than $76 billion. The U.S. Department of Education distributed that money to colleges through the Higher Education Emergency Relief Fund, or HEERF.
Nearly 2 of every 3 students got some form of emergency financial assistance from their colleges during the pandemic, according to recent research.
Southern New Hampshire received a total of $107 million in HEERF support. It distributed the funding in three waves as emergency basic needs grants to over 50,000 students, the October report from CHEPP said.
Researchers studied the recipients’ persistence rates after the university dispensed the second and third rounds of HEERF, when a total of $76.7 million went out to over 47,000 students.
Students who got grants during the second round were 15.5% more likely to still be enrolled eight months later than those who didn’t get emergency funding. Following the third round of funding, the difference decreased, but recipients were still 8.6% more likely to be enrolled.
Read the full article about basic funding for college students by Laura Spitalniak at Higher Education Dive.