Higher education has for centuries served as both a gateway to the middle class and a vehicle for socioeconomic mobility. College graduates, on average, earn 56% more than high school graduates and face lower risks of unemployment.
As our workforce becomes increasingly technologized, higher education assumes greater importance. Georgetown’s Center of Education and Workforce predicts that by 2020, 65% percent of all jobs in the United States will require post-secondary education and training beyond high school.
Just as a college degree has never been more valuable, it has also never been more expensive. College costs in the United States have risen twelvefold over the past 30 years, far outpacing the price inflation of consumer goods, medical expenses and food. These costs have created a national debt crisis, with Americans owing more than $1.45 trillion in student debt and growing numbers of defaults on federal loans.
To triple the number of Stockton students who enter and complete college or university over the next decade.
In this context, on January 16th, 2018 we launched the Stockton Scholars, a research-informed, collective impact strategy anchored by, but not limited to, a city-wide college scholarship.
Stockton Scholars makes a simple commitment: if you want to pursue higher education, tuition and fees will not be a barrier. The initial donation provides a scholarship to every Stockton Unified School District graduate for the classes of 2019-2026.
Stockton Scholars recognizes that money is not the sole impediment to degree attainment; as such, the scholarship will be supplemented with the following wraparound services and programmatic initiatives:
Timeline of Project: Launched in 2018
Cost: $20 million donation from the California Community Foundation
Initiator: Stockton Scholars
Stockton, CA – 2018 AAC Winner: Presentation