Medical Mutual awards $ 1 million to the Lorain County Community College Foundation.
The money will go to “life-changing” support and programs, according to a press release on Wednesday, August 25.
It will support the foundation’s goal of building an endowment for its emergency aid program. The initiative provides funds to students to help them cope with financial emergencies. College officials said these are the types of barriers that could see people dropping out of classes, adding that the program has already been very successful.
“Often times, emergency aid of as little as $ 50 can be the difference needed to keep a student enrolled in classes and working toward their goals,” university president Marcia Ballinger said in the statement. “These funds are real game changers for the students.”
The prize will also go to the college’s “Fast Track” program. This free offering, launched in 2020, gives people the opportunity to earn a certificate in several high-demand areas in four months or less.
Officials said the funding from Medical Mutual would both help expand the program and establish a $ 500 scholarship for those who enroll for an associate’s degree at the college after earning a Fast Track degree.
“We know that this additional support for students improves both their chances of staying in school and their health and well-being, while helping to fill critical skills gaps in high-demand areas like healthcare, IT and manufacturing, ”said Rick Chiricosta. , President, President and CEO of Medical Mutual, in the press release.
Officials said it was the biggest corporate giveaway in the foundation’s history.