Public Benefit Corporation’s new fund will provide financial support for community colleges to increase enrollment, college readiness, and transfer rates.
ATLANTA, GA, FEBRUARY 24, 2016
The Affordable College Public Benefit Corporation, a B Corp founded to help community college students afford and attain a bachelor’s degree, today announced the Community College Success Fund which will provide financial support for community colleges to increase enrollment, college readiness, and transfer rates. America’s community colleges help millions of students save billions of dollars on bachelor’s degrees annually, raising their earning potential and increasing their employability, while increasing prosperity and improving equity in society.As part of its mission as a B Corp, The Affordable College Public Benefit Corporation contributes a percentage of its revenue to funding community college success. To be eligible for the success funding, community colleges must demonstrate three key characteristics. First, community colleges must express enthusiasm for innovation. Second, community colleges must seek to expand career and bachelor’s degree options for students. And third, community colleges must be metrics and data driven.The B Corp announced the Community College Success Fund at DREAM 2016, the Achieving the Dream Annual Meeting on Student Success in Atlanta, GA. This flagship event is expected to bring together over 1,900 influential policy-makers, investors, thought-leaders, and practitioners from around the world, who are dedicated to addressing one of our nation’s most urgent challenges: helping more community college students succeed. Sean O’Brien, Founder of Affordable College, said, “The role of community colleges in helping students afford and attain a bachelor’s degree has never been more pronounced. Our mission is to support them in this important role as they scale their success.”