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Iowa Western Community College will expand efforts to provide emergency financial assistance to students later this spring. The Daily NonPareil reports a $59,500 grant from Great Lakes Higher Education Guaranty Corp. was awarded last month to the college as part of a new Dash Emergency Grant Program through the regional education foundation to improve college completion rates.
Keri Zimmer, Dean of advising and academic success at Iowa Western, said small grants have already been made available to students on a limited basis through employee donations. The new program, which will total $72,000 starting in March and run through the next two school years, will help students who are at risk of dropping out because of economic barriers.
Students juggling the financial challenge of college, family and other aspects of life can encounter unanticipated expenses, which Great Lakes said often are less than $500, that threaten their ability to continue attending class. A car repair, a medical payment or other expenses can make it a choice between continuing one’s education or providing food and shelter.
In a press release, Richard D. George, President and CEO of Great Lakes, said “Emergency grants are a bridge to college completion and the financial security a community college credential can provide.” Iowa Western will provide matching funding of $20,000, along with the grant and administrative funding from Great Lakes. The college is working on software for students to apply online, and the program will be rolled out later in the spring semester.
For now, limited funds are available through employee donations.