Are micro-grants a solution to student stop-outs and drop-outs?
Reported by the Hechinger Report, 70% of students who leave UNC-Charlotte late in their program do so for financial reasons. In response, the university has created Gold Rush micro-grants (typically around $1,500) to help students stay enrolled. And 95% of these micro-grant recipients have either successfully graduated or remain on track to do so.
The takeaway? In cases where small financial reasons are the one thing keeping your students from completing, is there an economic and ROI case (not to mention a missional one) to be made for micro-grant payouts to keep them on track?
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