In an effort to increase the number of students from low-income families in Oakland who decide to pursue higher education, the mayor of the city has announced a program that she hopes will help.
The college fund, named the Oakland Promise program, is geared towards those who attend public schools. Mayor Schaaf told a group of students, dignitaries, and community members that currently, only 10% of area pupils who begin ninth grade will complete a college program within five years of the time they finish high school.
Under the plan, 55,000 college savings accounts totaling $14m will be opened for children from less fortunate families. The goal is to have at least 17,000 of them attending college or university, and to hand out $100m in scholarships or other awards. The amounts distributed will be anywhere from $500 to $17,000.
Along with the monetary side, there will be a second piece that connects families with support and services to help them make sure their children are well prepared for post-secondary education. Brochures can be given to each family that explains the program and how they can make use of it to help encourage their kids stay in school, through their time in the public system and beyond.
Much of the funding has come from donations from different area corporations, large and small businesses, and individuals and anonymous donors. Get a Free Quote for Brochures
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