Gates Foundation provides grants to spotlight financial aid benefits
September 27, 2012
The Bill & Melinda Gates Foundation recently announced grants totaling $3.3 million that will be dispersed across 14 organizations in an effort to shed more light on the benefits of financial aid as a way to keep postsecondary education accessible to all.
These funds were offered through the Reimagining Aid Design and Delivery (RADD), the foundation's project that aims to address funding issues within universities while also helping individuals receive the training and education they need to successfully enter the workforce.
Recipients will each publish white papers on their individual visions for the way financial aid can improve student success. The selected organizations include Alliance for Excellent Education, Committee for Economic Development, Excelencia in Education, The Institute for College Access & Success (TICAS) and Young Invincibles.
"We believe financial aid is an important piece of the completion puzzle," said Daniel Greenstein, director of postsecondary success for the Bill & Melinda Gates Foundation. "Not only does it open doors for students, but when done right, financial aid can also increase the likelihood that young adults complete their educations."
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