COSI Grant Press Release
DENVER — Dec. 18, 2014 – The Postsecondary Success Partnership between Denver Urban Scholars and Goodwill Industries of Denver is one of 28 initiatives across Colorado to be awarded $3.4 million in grants from the Colorado Opportunity Scholarship Initiative, Initiative organizers announced this week.
The funds are aimed at supporting Colorado students – especially those from low-income and/or underrepresented backgrounds – on the path to and through college and into the workforce.
Specifically, the $100,000 received by the Postsecondary Success Partnership will help provide transitional support and training for low-income high school students entering college.
“COSI is an exciting collaboration; it partners with the state of Colorado, higher education, and the nonprofit sector to enhance services and support for our college students,” said Patrick Byrne, Executive Director of Denver Urban Scholars.
The General Assembly last year designated $3.4 million to the Colorado Opportunity Scholarship Initiative as a seed investment to create a network of student support and scholarship programs throughout the state. This historic state investment aims to address workforce readiness, the degree attainment gap, and affordability issues that put a college degree out of reach for too many Coloradans.
“The goal is to increase post-secondary education while better preparing Colorado students to earn a livable wage, graduate with less debt and positively contribute to the growth of our state’s economy,” said Garcia, who is overseeing the Initiative. “We believe by partnering with philanthropists, business leaders, and community groups we can bolster Colorado’s talent pipeline.”
The first phase of the Initiative involves increasing the availability and quality of student success programs for Colorado’s high school students and graduates through $3.4 million in multi-year grant awards, which will offer support to 20,380 students.
The second phase will involve enlisting communities, philanthropists, and organizations to help significantly increase the cumulative amount of scholarship dollars available to Colorado resident students. Through this program, contributors will be able to draw down matching funds from the state. Hickenlooper has requested an additional $30 million to build up the state’s matching fund in his FY15-16 budget. The first scholarship dollars are expected to be awarded in spring 2016.