The challenges of improving college affordability and degree attainment are inexorably linked. So we asked a simple question: Can reward-based funding help drive student persistence and attainment?
Brian W. Jones, Strayer University President
The answer? A resounding yes.
Strayer University’s Graduation Fund rewards bachelor’s students with one class at no cost for every three classes they pass, which over time can reduce the total cost of their degree by 25 percent. The classes are redeemed in the final terms of a student’s program, meaning students who persist through the full program receive their final year of study at no-cost. Results show that this funding model improves student persistence and degree attainment.