The Kresge Foundation and the Detroit Regional Chamber Foundation today announce new funding to launch a comprehensive plan and campaign to increase postsecondary education attainment in Southeast Michigan. The $450,000 grant from Kresge will urgently address a crisis, as part of the Chamber’s Forward Detroit regional economic development and competitiveness strategy.Under the Chamber’s direction, the Detroit Drives Degrees Education Compact represents a collective commitment by leaders in education, business, philanthropy, government and the nonprofit community to address an ongoing barrier to economic development – the lack of residents without higher education credentials or college degrees compared to peer regions across the country. Increasing the number of students who remain enrolled and graduate from a college or university is a key focus of Detroit Drives Degrees, a program started by the Chamber in 2015 to increase college attendance and, ultimately, graduation.According to Michigan’s Center for Educational Performance and Information, 73 percent of the region’s high school graduates enroll in college within 12 months of graduating but only 35 percent of those graduates earn a degree or credential within six years. The majority of high schools in the city of Detroit have graduating classes with less than 10 percent of students going on to earn a four-year credential, impacting the entire region.
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