The Morgan Stanley Equity in Education and Career Consortium Launches Multi-Year Program Supporting Community College Students from Underserved Communities in Partnership with College Possible and CUNY ASAP
11 Maio 2022 - 11:25AM
Business Wire
- $5.5MM in grants to support organizations with a primary focus
on eliminating barriers to degree completion and career readiness
for Community College students through extensive and integrated
wrap-around services
- Program builds on previously announced commitment of $20MM to
address the education and career achievement gap for young adults
from low- to moderate-income backgrounds
The Morgan Stanley Institute for Inclusion’s (IFI) Equity in
Education and Career Consortium, focused on supporting high
school and college students in achieving stronger career and
financial outcomes, today announced the launch of a multi-year
program in partnership with the Morgan Stanley Foundation to
support Community College students from low- to moderate-income
communities with an investment of $5.5MM to College Possible
and CUNY ASAP (Accelerated Study in Associate Programs).
This new commitment is part of the $20MM announced last December to
help address systemic inequities in education and career outcomes
for young adults from low- to moderate-income students.
The multi-year investment will help:
- Support organizations with a primary focus on eliminating
barriers to degree completion for community college students
through extensive and integrated wrap-around services
- Expand and replicate CUNY ASAP’s preeminent degree completion
model across community college systems nationwide and strengthen
career training programs for its 25,000 students
- Scale College Possible’s “high tech – high touch” program, to
reach 6,000 students over time and build a more robust community
college offering
“We are proud to support the growth and reach of College
Possible and CUNY ASAP, two proven programs that drive greater
access to education and social mobility among community college
students,” said Susan Reid, Global Head of Diversity and Inclusion,
Morgan Stanley, and Director of the Morgan Stanley Institute for
Inclusion. “This investment helps address social inequities and
creates greater pathways for long-term career and financial
success.”
The objectives of the Equity in Education and Career Consortium
focus on awareness, access and advancement. The consortium works to
expose students to career paths and opportunities that may not be
visible in their communities; broaden students’ skills and networks
through training, mentorship and coaching; and create a support
system for students throughout their educational and career
journeys.
“For the past 15 years, CUNY ASAP has grown into a nationally
recognized model for promoting student success and excellence for
community college students,” said CUNY Chancellor Félix V. Matos
Rodríguez. “Now with Morgan Stanley’s generous support, ASAP can
enhance its career development programming, as well as further
promote its national replication work so other university systems
can launch their own ASAP-like programs to help their students
achieve their educational dreams.”
The Equity in Education and Career Consortium convenes partner
organizations with proven track records and a high standard of
excellence supporting low-to-moderate income students in achieving
stronger education and career outcomes. The launch partners focused
on high school and early college announced last December
include:
- A Better Chance (ABC)
- America Needs You (ANY)
- Braven
- Hispanic Federation
- iMentor
- SEO
“At College Possible, we recognize that a college degree is a
valuable step toward economic mobility and a choice-filled life,”
said Craig Robinson, CEO of College Possible. “This partnership
with Morgan Stanley is an important investment as we thoughtfully
evolve our evidence-based curriculum to support students on the
community college and associate degree pathway.”
This effort joins the Firm’s portfolio of scholarships,
including the Morgan Stanley HBCU Scholars Program and the Richard
B. Fisher Scholars Program in the U.S., the Morgan Stanley Future
Generation Scholars Program in the UK, and investments in the
Hispanic Scholarship Fund and APIA Scholars Program, which have
been benefiting diverse communities for nearly 30 years.
About College Possible
As one of the largest and most successful college access and
success programs in the country, since 2000 College Possible has
helped put more than 81,000 students from disinvested communities
on the path to economic mobility by earning a college degree. Its
pioneering model matches students with a near-peer coach and an
intensive curriculum designed to help students overcome the most
common barriers to getting into college and completing their degree
– all at no cost to students or their families. Nationwide, College
Possible students are three times more likely to earn a bachelor’s
degree within six years than their peers from similar backgrounds.
Headquartered in Saint Paul, MN, College Possible operates:
regional sites in Chicago, IL; Milwaukee, WI; Omaha, NE;
Philadelphia, PA; Portland, OR; and Seattle, WA; College Forward in
Austin, TX; and Catalyze partnerships in California, Iowa,
Minnesota, New York, Ohio and Tennessee. Learn more at
CollegePossible.org.
About CUNY Accelerated Study in Associate Programs (CUNY
ASAP)
Founded in 2007, the City University of New York's ASAP is a
comprehensive associate degree completion program serving 25,000
students annually at nine CUNY colleges, that provides
comprehensive, personalized supports and resources to remove
barriers to full-time study, support academic momentum, and build a
connected community. CUNY ASAP has proven to be one of CUNY's most
successful initiatives, with students in the program graduating at
a rate more than double that of similar students. In 2020, the
program won the prestigious Innovations in American Government
Award from the Ash Center for Democratic Governance and Innovation
at Harvard University's John F. Kennedy School of Government. ASAP
has been rigorously evaluated and is widely viewed as the most
effective associate degree completion program in the country. The
program has partnered with colleges across seven states (OH, CA,
NY, TN, WV, NC, PA) to support ASAP model replication. To learn
more visit https://cuny.edu.
About Morgan Stanley
Morgan Stanley (NYSE: MS) is a leading global financial services
firm providing a wide range of investment banking, securities,
wealth management and investment management services. With offices
in 41 countries, the Firm’s employees serve clients worldwide
including corporations, governments, institutions and individuals.
For further information about Morgan Stanley, please visit
www.morganstanley.com.
About the Morgan Stanley Institute for Inclusion
The Morgan Stanley Institute for Inclusion, together with our
overall commitment to Diversity and Inclusion, brings our
employees, communities and clients together in a shared commitment
to creating a more equitable society. The Institute for Inclusion
aims to catalyze and accelerate an integrated and transparent
diversity, equity, and inclusion strategy to deliver the full
potential of Morgan Stanley and drive meaningful change within the
Firm and beyond. For further information about the Institute for
Inclusion, please visit
https://www.morganstanley.com/about-us/diversity/institute-for-inclusion.
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version on businesswire.com: https://www.businesswire.com/news/home/20220510006514/en/
Media Relations Contacts: Morgan Stanley Gaston Terrones Dimant
mediainquiries@morganstanley.com College Possible Stephen C. Ragan
sragan@collegepossible.org CUNY ASAP Joseph Tirella
joseph.tirella@cuny.edu
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