ADRIAN, Mich (January 29, 2016)—For many people, college is the first step toward a bright and promising future, and a college degree has long been considered the way to earn a good living. A recent report released by Bridge, a news magazine in Michigan, highlights how some Michigan colleges are leading the way in successfully launching economically challenged students to a better and more prosperous future. Adrian College lauded recognition, ranking first in the state among private colleges and a top five selection overall as a college which advocates for social mobility.
“Students attend Adrian College to not only learn, grow and develop intellectually; they attend to create better lives for themselves and their family,” said Dr. Jeffrey R. Docking, president. “To be recognized by Bridge for our commitment to social mobility is extremely gratifying. It clearly suggests that our faculty are preparing students for top professional jobs and prosperous careers.”
In the Bridge analysis of federal data, it was revealed that some Michigan colleges and universities, like Adrian College, are accelerating social mobility by offering big tuition breaks for low-income families, along with academic support services, and programs to assist first-generation students as they acclimate to college life. This data, collected from the College Scorecard, was the foundation for the report created by Bridge Magazine. To measure social mobility, Bridge evaluated five key areas: average earnings, salary gap, graduation rate, the percentage of low-income students and average annual cost.
Bridge Magazine created its own social mobility index for Michigan colleges and universities through these five factors:
- Percent of low-income students on campus (as measured by Pell Grant recipients);
- Their graduation rates;
- Average net cost for poor students to attend;
- Median salaries of low-income students 10 years after first enrolling;
- The gap between the median salaries of former students who were low-income when they enrolled, and their upper-income classmates.
The average earning for Adrian College’s low-income students as graduates is $40,600. More than a decade after their graduation, these same alumni fare well in comparison to their wealthier classmates. By combining these key factors with job placement growth opportunities, colleges like Adrian are creating a recipe for success for their students.
“We maintain a commitment to improving social mobility for all of our students at Adrian College,” said Dr. Frank Hribar, vice president of enrollment and student affairs at the College. “We are committed to providing assistance to low-income and first-generation students through programs and federally-funded assistance like that of TRIO Student Support Services. We will continue to strive to provide an equally opportunistic education for our students.”
Only two private colleges cracked the top ten, placing Adrian College at the head of its class. The College enrolled the seventh-highest percentage of low-income students among all colleges, with a graduation rate near 60 percent.