The GREAT Scholarship

Green’s unique opportunity to provide opportunities for its kids
What is GREAT?

 Provides $2,500 scholarships to first-generation college
 Students have to live in Green
 Have to attend Green Local Schools for at least two years
 Have to graduate from Green High School
 Have to carry a cumulative 2.5 GPA in High School
 Receive the $2,500 for each of their years in college,
whether two or four-year institutions
 Have to maintain consecutive enrollment and 2.5 GPA in
What is GREAT’s Cost?

 Budgets $100,000 first year
 Assumes 40 students receive the
 Will likely be fewer
Who Grants the Money?

 GREAT Scholarship Board
 Five members
Three from city, two from GLS
 Board has authority to establish
procedures to apply and grant the money
how they see fit (direct to student or
Why do the GREAT Scholarship?

 First Generation students are most at risk for
never starting or completing college
 Cost is a primary reason
 Over the course of the GREAT Scholarship, the
City of Green would be providing a little more
than one year’s tuition at Kent or UA
 The money will make a HUGE difference for our
Why do the GREAT Scholarship?
Overall economic benefit to students AND the community
Why do the GREAT Scholarship?

Not going to college costs you
$500,000 over your lifetime
Why do the GREAT Scholarship?
Why do the GREAT Scholarship?
Why do the GREAT Scholarship?
Why Do the GREAT Scholarship?
More than just economic benefits
More than Economics

 The likelihood of reporting health to be very good or
excellent is 44 percent greater.
 The likelihood of being a regular smoker is 3.9 times
 The incidence of obesity and heavy drinking are
significantly lower.
 The likelihood of exercising, having a healthy diet,
wearing seat belts and seeking preventative medical care
are significantly higher.
 The incidence of a disability making it difficult to live
independently is 3.6 times lower.
More than Economics

 Life expectancy at age 25 is seven years longer (for those
having at least some college compared to those never
having gone to college).
 Reliance on expensive forms of banking and credit is
significantly lower.
 The probability of being in prison or jail is 4.9 times
 The probability of being married is 21 percent higher and
the probability of being divorced or separated is 61
percent lower.
 The likelihood of being happy is significantly higher
Social Benefits as Well

 Lifetime taxes are, conservatively, $273,000 (215 percent) greater
in present discounted value.
 Lifetime government expenditures are about $81,000 (39 percent)
lower in present value.
 The lifetime total fiscal effect is roughly $355,000 in present value.
 Crime is significantly lower.
 Volunteering is 2.3 times more likely.
 The estimated value of volunteer labor is 4.1 times ($1,300
annually) greater.
 Employment in the nonprofit sector is twice as likely.
Social Benefits as Well

 Annual cash donations to charities are $900 (3.4 times) higher.
 Total philanthropic contributions are $3,600 (4.7 times) higher.
 Voting and political involvement are significantly higher.
 Participation in school, community, service, civic and religious
organizations is substantially (1.9 times) higher.
 Leadership in these organizations is particularly (3.2 times)
 Attendance at community meetings is 2.6 times greater.
 Neighborhood interactions and trust are significantly higher.
First Generation Students More at-risk to
Not See these Benefits
Percent of Students Enrolled Immediately after High School









College Educated Parent(s) Some College High School or lower
First Generation Students More at-risk to
Not See these Benefits
 Disproportionately overrepresented among most disadvantaged
 More likely to delay college entry, need remedial coursework,
and drop out of college
 Report lower educational expectations than their peers as early
as 8th grade
 Often begin college less academically prepared than other
 Are less likely to take algebra, considered the “gateway” to
advanced math courses in high school and associated with 4-
year college enrollment
First Generation Students More at-risk to
Not See these Benefits
 Are less likely to take college courses in academic areas
such as mathematics, science, and computer science and
more likely to focus on vocational/technical fields
 Tend to apply to and attend less selective colleges that
are closer to home
 More likely to work while in college and live off campus,
negatively affecting college academic and social
integration outcomes
 Are not more likely to receive help from their schools in
applying to colleges
First Generation Students More at-risk to
Not See these Benefits

 From 1980 to 2013, workers with no
college have seen a net loss of 9.3
million jobs in the manufacturing
 But workers with at least some college
have seen a net increase of 2.5 million
manufacturing jobs.
GREAT Scholarship Makes a Big Difference!
Would Cover Significant Portions of College Costs for Students and Families Least
able to Cope
GREAT Scholarship Makes a Big
 State funding for public institutions has declined since
the 1980s
 Today, students and their families are contributing a
greater share of college revenue than a generation ago,
while the share borne by states and local government
funding has fallen sharply
 Tuition constitutes twice the share of college revenue as
20 years ago
GREAT Scholarship Makes a Big
 State funding per student also declined over this period,
to $8,655 from $10,726 per student.
 In-state posted tuition at public four-year institutions
rose an average of 67 percent between 2000 and 2011
after adjusting for inflation.
 This cost shift from states and local governments to
students and families has contributed to the sharp
increase in student lending over the last decade.
GREAT Scholarship Makes a Big
GREAT Scholarship Makes a Big
GREAT Scholarship Makes a Big
The GREAT Scholarship
A Great Opportunity
The GREAT Scholarship is a Great
 Previous Mayors and City Councils have been
fantastic financial stewards of our community
 We regularly have $4-5 million remaining in our
GRF each year
 Taking between 1.5 percent and 2.5 percent of
that surplus will ensure that as many as 100
students in Green will have opportunities for
future success
The GREAT Scholarship is a Great

Annual, fully funded cost will
be paid for if just one student
graduates college that
otherwise wouldn’t have