COLUMBUS, OH, Oct. 19, 2012 – Ohio Board of Regents Chancellor Jim Petro said the $500,000 Credit When It’s Due grant recently awarded to the Board by Lumina Foundation will “move the state closer to our degree attainment goals.”
Ohio is one of 12 states to receive a portion of the $6.4 million funding from the two-year Credit When It’s Due: Recognizing the Value of Quality Associate Degrees grant. The grant is designed to study “reverse-transfer,” a process to award associate degrees to students who attended a community college, earned some credit, and transferred to a four-year institution where they are currently enrolled and have completed the required coursework to earn an associate degree.
“Our Complete College Ohio Task Force is focused on developing and implementing strategies such as ‘reverse-transfer’ to help grow the number of Ohioans with degrees,” Petro said. “My vision of a ‘Success Road Map’ where there are incentives that students can earn along the way toward a baccalaureate degree becomes more of a reality through this type of degree completion approach. Undoubtedly, this award from Lumina will go a long way toward increasing degree completion in Ohio.”
The Board of Regents, in applying for the grant, received letters of support from dozens of universities and community colleges from across the state, all of which said they understood the importance of the Credit When It’s Due initiative.
“Credit When It’s Due will provide a way to fairly credit community colleges for their work in preparing transfer students, help individuals—especially those who stop out of college before earning a baccalaureate degree—by providing them a postsecondary credential with proven currency in the labor market, and promote efforts to more clearly define the learning outcomes inherent in all associate degrees,” said Jamie Merisotis, president and CEO of Lumina Foundation.
For more information on the Credit When It’s Due grant, log on to http://www.luminafoundation.org/newsroom/news_releases/2012-10-10.html.
About the Board of Regents
The Ohio Board of Regents is the state agency that coordinates higher education in Ohio. The agency is directed by its Chancellor, who is a member of the Governor of Ohio's cabinet. The Chancellor, with the advice of the nine-member Board of Regents, provides policy guidance to the Governor and the Ohio General Assembly, advocates for the University System of Ohio and carries out state higher education policy.