In today’s economy, people with a bachelor’s degree are more likely to find higher-paying jobs, better health, and a better quality of life, compared to those with a high school or associate degree. But in California and nationwide, Black, Latino, and Native American students and those from low-income families are much less likely than their peers to attain a four-year degree.
We are working with partners to ensure that more students can access the resources and supports they need to obtain a bachelor’s degree.
A study commissioned by the Haas, Jr. Fund at the end of 2023 affirms the benefits of earning a bachelor’s degree but also highlights the need for greater access to financial aid for low-income students.
A college graduate in California with a bachelor’s degree earns roughly twice as much money and accumulates significantly more wealth than a peer with only a high school degree.
Currently, total student costs can be reduced by at least half across California’s public higher education systems through various financial aid options. But more financial aid is needed to ensure that cost is not a barrier to a bachelor’s degree for lower-income students and their families.
Wide disparities exist for Black, Latino, and Native American students when it comes to college access and degree completion in California. Too many students in community colleges are also not transferring to four-year institutions and completing their studies.
The percentage of Black, Latino, and Native American students completing a bachelor’s degree and graduating from a four-year college is lower than it is for white and Asian students.
Only 10% of part-time and 14% of full-time community college students transfer and obtain a bachelor’s degree six years after initial enrollment.
We are working with partners to tackle barriers that prevent students of color, low-income students, and first-generation students in California from attaining a four-year degree. Our primary focus: creating an accessible, affordable, and easy-to-navigate pathway to a bachelor’s degree for more students. Together, we can help more students and their families realize the lifelong benefits of higher education. Here are three priorities we’re focusing on:
In addition to this work, the Haas, Jr. Fund is working with partners to help show why it’s important to ensure that more underrepresented students obtain a bachelor’s degree, and how to make it happen.
Monica leads the Fund’s strategies and partnerships to advance a level playing field in higher education and broaden access to a bachelor’s degree in California.
What it means to me to be the first member of my family to graduate high school and go to college is that I am finally fulfilling a generational wish that my [family] had. It is to show that... everything they put into me... is now going to be achieved.
Richard, college student in Walnut, California