Former CPS CEO Janice Jackson appointed CEO of HOPE Chicago scholarship program
Jackson announced his involvement in the program Wednesday morning.
HOPE Chicago is committed to raising, investing and deploying $ 1 billion in college scholarships and funding support over the next decade, creating avenues for economic success for generations of Chicagoans, said the ‘organization.
âAs a long-time educator, I understand the barriers students face when entering the higher education system. Many of them – financial, social, psychological and emotional have been further exaggerated by the COVID-19 pandemic hampering student success, “Jackson says. âHOPE Chicago has a bold vision and a lofty goal. However, with a generous upfront investment, our operating and administration costs are covered for the next three years, which means we can guarantee that every penny raised goes directly to educating underprivileged families in Chicago. With the help of the community, civic leaders and business leaders, we have the opportunity to redefine the education landscape in our city. “
More CPS students are graduating from high school than ever before, and 90% of CPS ninth grade students surveyed aspire to go to college, the organization said. However, significant barriers exist between the dreams of these students and obtaining a degree; only 63% of CPS students enroll in college and only 27% graduate, according to a HOPE Chicago poll.
RELATED: CPS CEO Janice Jackson Resigns After School Year Ends
Through a holistic approach to supporting students and parents in all aspects of their educational journey, HOPE Chicago aims to increase the district’s college completion rate. The HOPE Chicago Scholarships will cover the full cost of tuition at participating nonprofit higher education institutions of two and four years. Students can also pursue post-secondary industry certification programs.
In an effort to raise $ 1 billion over ten years to cover tuition and other fees, HOPE Chicago can provide scholarships to approximately 24,000 freshmen and help more than 6,000 parents and guardians, the organization said. .
The group also plans to provide counseling, mentoring and career guidance.
In the 2021-2022 school year, HOPE Chicago will focus on raising its first $ 100 million and identifying priority schools and communities that need it most.
With investments totaling over $ 20 million by the Kadens Family Foundation and HOPE Chicago co-founder Ted Koenig, the operational and administrative costs of HOPE Chicago are fully funded for the next three years, so every dollar raised will go directly to the scholarship fund. to students, the organization said.
The first cohort of Hope Chicago Scholars will be selected in late spring 2022 and begin post-secondary studies in fall 2022.
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