All Chicago has selected Genesys Works Chicago as one of six participants in its new Student Emergency Fund, which offers assistance to local college students who are at risk of dropping out due to a financial crisis. After commissioning a study on college dropout rates, All Chicago’s Learning Center found that 92% of teachers knew students who left college because of financial reasons, and that 25% of those who dropped out needed as little as $1,000 to stay in school.
“We have seen firsthand the financial challenges that college poses for low-income students who are often the first in their families to attend college,” said Genesys Works Executive Director Eric Patton. He added, “The Student Emergency Fund will allow us to provide even more robust support to our participants.”
Genesys Works was selected to participate for its “experience and track record of success in supporting students towards college graduation,” according to All Chicago. Preparing students for the financial realities of college life has always been a focus of Genesys Works, which offers one-on-one support with completing the FAFSA, applying for scholarships, and identifying colleges that are not only an academic fit, but a strong financial match. After students become Genesys Works Alumni and enroll in college, the Alumni Program engages them throughout their college careers by guiding them through graduation and into the workforce. And now, with the help of All Chicago, those facing a financial crisis will be eligible to receive funds for expenses such as housing, transportation, school fees, and more.
“In the face of rising college costs, the fund provides us with a tangible opportunity to really make a difference for young people who are struggling to get the education they need to succeed in the future,” said All Chicago CEO Nonie Brennan.
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