Arrupe College receives $1 million grant
Loyola University Chicago announced June 10 that it has received a $1 million grant from the Chicago-based Robert R. McCormick Foundation in support of the new Arrupe College of Loyola University Chicago. Announced in February, Arrupe College is a two-year associate’s degree program for motivated students with limited financial resources and an interest in attending a four-year institution after graduation.
• Read the Crain’s Chicago Business story about the grant.
• See more news coverage about Arrupe College.
The McCormick Foundation grant will support student scholarships and a variety of operating expenses at the college, including education technology and capital needs. In recognition of the transformative gift, the University will establish the McCormick Scholars Program, which will reward the college’s highest achieving students. These scholars will be selected each year based on academic achievements, leadership qualities, and a proven commitment to social justice.
“We are truly grateful to the McCormick Foundation for its generous support of Arrupe College. The partnership with Loyola will ensure that talented young men and women in our city have access to a world-class academic program that will prepare them for future study or professional employment,” said Michael J. Garanzini, S.J., president of Loyola University Chicago. “The McCormick Foundation is extraordinarily committed to education and engaged citizenry, and we are delighted to establish the McCormick Scholars Program in recognition of the Foundation’s support of, and investment in, students in Chicago.”
The grant will be administered over a three-year period, ending February 2018. The Foundation will work with the University during this time to evaluate the college’s progress, develop a data feedback system to inform the education process, and document the development and implementation of this unique model to determine whether it is a sustainable option that can be used by other universities across the country.
“Arrupe College is a promising innovative program to increase college access and success for students without the financial resources to begin a traditional four-year program,” said David Hiller, president and CEO of the Robert R. McCormick Foundation. “Our hope is this scholarship will enable young people with a track record of excellence to earn a degree and go on to make an impact in their professions and communities.”
Set to welcome its first cohort of more than 150 students in July, Arrupe College addresses a serious problem in higher education—the need to increase access to, and completion rates of, post-secondary education degrees for students from low-income families. The program offers associate’s degrees in Arts and Humanities, Business, and Social and Behavioral Sciences. Graduating students can expect little to no debt upon completion of the program.
Arrupe College’s education model includes:
• Enhanced summer pre-enrollment orientation
• A strong cohort and holistic, integrated series of supports for students to optimize their chances for academic and social success
• Intensive one-on-one contact with specialized faculty
• Significant increases in availability of faculty and staff due to small class sizes
• A two-year associate’s degree that is fully transferable to state and private colleges
• A financial strategy that permits low-income students to fully finance the cost of their education with financial aid that does not assume debt