The project is made possible with the assistance of a $1.86 million grant from the Bill & Melinda Gates Foundation. Its initial focus will be on the more than 31 million adults who have completed some postsecondary coursework but lack a degree or credential; but many of these students represent first-generation, low-income students, so findings from this investment likely will apply to younger students from this population, as well.
“This generous investment will advance [our] work and promote a more flexible and cost-efficient way for more Americans to earn the high-quality postsecondary degrees and credentials needed in today’s global economy,” said ACE President Molly Corbett Broad.
“This project will serve as an incubator and ecosystem for alternative credit and encourage greater acceptance of such credit by higher education institutions and systems,” said Cathy Sandeen, ACE’s vice president for education attainment and innovation. “It will help us develop a system that more intentionally connects the various providers and accepters of alternative credit, creating a transparent marketplace where students may find high quality, low cost, lower division online courses with the knowledge that passing them will lead to credit toward a degree or credential.”
Material from a press release was used in this article.