The Bill & Melinda Gates Foundation announced Sept. 24 that it is granting money to 14 organizations nationwide that are working on postsecondary financial aid solutions. Organizations are involved in business, higher education, civil rights, and public policy.
White papers from each of the 14 organizations are expected in early 2013, and will address how financial aid can improve student success rates in college. White papers will be submitted as part of the foundation’s Reimagining Aid and Design Delivery, (RADD) project, which was created to gear national conversation on federal financial aid toward ideas that ultimately make college more affordable, and to provide several ideas that could make new policies possible.
The foundation dedicates a lot of time and energy on studying ways to improve higher education and has launched a strategy focused on doubling the number of low-income adults who earn a postsecondary degree or credential by the time they turn 26.
The 14 organizations participating in this project will receive $3.3 million combined. The organizations are:
- Alliance for Excellent Education
- Association of Public and Land Grant Universities
- Center for Law and Social Policy
- Committee for Economic Development
- Excelencia in Education
- HCM Strategists
- Institute for Higher Education Policy
- National Association of Student Financial Aid Administrators
- National College Access Network
- New America Foundation
- The Education Trust
- The Institute for College Access and Success
- U.S. Chamber of Commerce’s Institute for a Competitive Workforce
- Young Invincibles