Invest in College Success Final Evaluation Released
Over 1,700 students served through the Invest in College Success (ICS) pilot across three Massachusetts community colleges!
ICS was a pilot intervention, launched by The Midas Collaborative in fall 2014, designed to help students navigate college affordability and build financial capabilities. The structure of ICS allowed students to receive multiple services through a partnership model. Midas provided leadership and support for financial education, financial coaching, and an educational matched savings program, uAspire delivered text message–based and in-person advising on college affordability, and the Federal Reserve Bank of Boston (The Fed) evaluated the pilot. Three Massachusetts community college partners, Bunker Hill Community College (BHCC), Northern Essex Community College (NECC) and Springfield Technical Community College (STCC), were active partners in the marketing of and delivery of financial education and the educational matched savings program. The two-year pilot was supported by the U.S. Treasury Department’s Financial Empowerment Innovation Fund and additional funders.
The 2017 final evaluation examined uptake and outcomes of the supports provided to community college students during the pilot period. Additionally, there are applicable findings and lessons for future community college programs offering similar services. Learn more about the outcomes and learnings from the final evaluation report by Sarah Savage of the Fed and Midas' summary.