ABOUT | Financials & Metrics

For All Financial-Related Inquiries, Please Contact:

(520) 405-2041
admin@earntolearn.org

Case Studies

promising results

  • Earn to Learn has already seen promising results in the three Arizona public universities, including high first-year retention, persistence, completion, and debt-free college graduation rates for its students.
  • The business community is increasingly aware of its stake in ensuring the success of their future employee pipeline, and states and communities want to attract and retain bright minds into their workforce.
  • Approximately 3000 Earn to Learn students have walked on campus, and with the current recruitment cycle underway, the program is now approaching nearly 3500 enrolled across Arizona.
  • Target population includes traditional students from Arizona from public, private and charter high schools who income qualify and are eligible for in-state tuition and federal financial aid. Community college transfer students are also eligible to participate if they income qualify and are eligible for in-state tuition and federal financial aid.

Performance Metrics

our report card

  • First-year retention rate is provided in the Earn to Learn Report Card and is approaching 90% statewide since the program’s launch in January of 2013.
  • Earn to Learn Scholars have invested over $2.3M in their education and have earned $18.4M in additional grand ad through the program’s 8:1 match.
  • Earn to Learn has provided over 27,000 hours of personal finance training--a prerequisite to apply--to approximately 4600 Arizona students.
  • Earn to Learn’s projected 6-year graduation rate is approaching 80%. The program serves families up to 200% of the Federal Poverty Level, which means most are Pell-eligible. For comparison, according to reports from the U.S. Department of Education, the national 6-year graduation rate for Pell-eligible students is 39%.
  • Earn to Learn students are borrowing significantly less than their peers. The average student loan debt for students from ASU, NAU and UA is approximately $23,000 by the time of graduation. All Earn to Learn students who graduate complete college with less than $10,000 in student loan debt, including more than half with zero student loan debt.

Program Insights

  • Earn to Learn has garnered national interest with over 25 states expressing interest in replicating the model including university systems and community college systems from across the country.
  • Arizona has a tremendous opportunity to lead the nation in a highly innovative approach to financing higher education. The Federal Reserve, the Office of the Comptroller of the Currency, FDIC and the US Treasury have been very positive about the model for multiple reasons including their focus on the unbanked and underbanked and the importance of financial literacy. Additionally, they have been looking at this workforce development and/or shared responsibility model through the lens of the Community Reinvestment Act and meeting CRA obligations.
  • Multiple meetings on Capitol Hill have already occurred with a very positive response - predominantly focused on the HELP committee including Senator Lamar Alexander and Senator Patti Murray.
  • As Earn to Learn continues to gain momentum as an innovative financial aid model given its financial literacy training, personalized success coaching, and unparalleled savings match, this program has the capacity to provide a new playbook for financial aid. The enthusiasm generated by Earn to Learn is grounded in simple, fundamental economics and gets back to the principles on which our nation was founded: Teaching citizens financial fundamentals and expanding access to education to enhance their economic mobility, avoid the burden of debt, and improve societal outcome.