'Taking action to ensure that more New Yorkers from lower-income backgrounds can earn a college degree is among the most effective steps city and state officials can take to boost economic mobility.'
That’s why city leaders were wise to scale up the Accelerated Study in Associate’s Programs initiative at the City University of New York , which has become the most effective program in the nation for increasing community college graduation rates.
Fortunately, CUNY ACE is beginning to change this. Like the ASAP program for community college students, ACE provides students attending CUNY’s senior colleges with a mix of services and financial help that has proven critical in helping the university’s mostly low-income students to earn a credential: intensive academic advisement, career development, tuition scholarships, textbooks, and transportation assistance.
Boosting college degree attainment is essential if New York City is to succeed in building a more equitable economy. The report shows that 61 percent of jobs posted in New York City in 2022 required a bachelor’s degree — and that these jobs offer a median starting salary of $79,800, 86 percent higher than those jobs that require only a high school diploma . Moreover, New Yorkers with bachelor’s degrees can expect to earn over $1.
However, taking this effective program to scale will require a new level of support from Mayor Adams and the City Council, as well as Governor Hochul and the State Legislature.
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