Our Community’s Need
Higher educational attainment is clearly linked to greater employment opportunities, higher incomes, housing stability, better health, and much more.
Illinois had more than 2,300 homeless college students identified through the FAFSA process for the 2015- 2016 school year – the third largest population of homeless students in the country, behind California and Texas.
- Teachers knew students who dropped out of higher education for financial reasons.
- 25% of students surveyed who dropped out for financial reasons needed as little as $1,000 to remain in school.
- 10% of students surveyed reported that just $500 stood between them and graduation.
- Colleges that administered their own emergency funds performed poorly in sharing eligibility requirements or how to access the funds. In addition, students demonstrated a lack of trust towards college administration, including perceived gate-keeping or favoritism. In some instances, receiving emergency funds also had a negative impact on students’ overall financial aid package.
Based on our research and community needs assessment, we developed and launched a Student Emergency Fund designed specifically to support Chicago’s low-income college students at risk of dropping out of school due to an unexpected financial crisis. The short-term goal is to help students maintain stability through a crisis and remain enrolled in a school. The long-term goal is to boost rates of academic retention, success, and graduation for at-risk students.
Our Student Emergency Fund provides up to $750 per student per semester to cover a wide variety of basic needs. Residents of Chicago who attend college in the state of Illinois are eligible for assistance, and must provide basic documentation about their crisis (e.g., copy of eviction notice).
Our Student Emergency Fund partners with college access and persistence agencies with a track record of success in supporting students entering and persisting through college. We train our partners to identify students in need and inform them of eligibility requirements, request procedures, and we convene several partner meeting a year to forge connections, share experiences, and discuss best practices. Our partners then refer students and provide any additional wrap-around support services that students might need.
In 2019 we added two new SEF partners: Chicago City Colleges, and Year Up Chicago.
Our 2020 partner agencies are:
- Aim High – Center for Companies that Care
- Bottom Line
- Chicago City Colleges
- Chicago Scholars
- College Possible
- Genesys Works Chicago
- North Lawndale College Prep
- One Goal
- One Million Degrees
- Unity Parenting
- Year Up Chicago
- UTMOST U
In the first half of 2020, we have assisted 969 students and disbursed $463,536, with students receiving an average of $475 in assistance.
Since launching in May 2015, we have assisted 1,373 students and disbursed $582,906. The average grant size is $424, and the payment is made in an average of 3.3 days.
The top 5 requests for support in 2019 were for:
- Tuition/Graduation fees: 37%
- Transportation: 17%
- Books: 13%
- Utilities: 9%
- Rental Assistance: 8%
- 36% were freshmen, 50% were sophomores, 9% were juniors, and 5% were seniors.
- 73% were in a two-year degree program, and 27% were in a four-year degree program.
- 70% were female, and 30% were male;
- 59% identified as Black/African American, 33% as Other/Multi-Racial, and
- 8% as White/Caucasian;
- 64% were first generation college students