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A new report from Education Reform Now ranks American colleges and universities based on the social mobility impact they have on Pell Grant recipients. It’s an eye-opener that shows prestigious, wealthy colleges have relatively low impact and challenges them to do a better job in providing both access and success for America’s poor and middle-income students.
The report, Social Mobility Elevators: An Analysis of Low-Income Student Enrollment and Outcomes at Four-Year Colleges and Universities, identified 614 four-year colleges – out of an initial sample of about 1,900 institutions – that were able to meet three criteria:
- The majority of their Pell students graduated after six years rather than dropping out;
- Fewer than 6.9% (the national average for four-year schools) of their students had defaulted on their student loans within three years of entering repayment;
- At least 75% of the institutions’ graduates had begun to pay down their federal student loans within five years of entering repayment.
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