College Futures Monterey County
We believe that every young person should have the opportunity to pursue their educational, career, and life goals. Growing the number of students who earn college degrees makes a brighter future for us all.
Receiving a scholarship was a big motivation for me. Any amount of money always helps and I am extremely grateful. – Esteban Barajas, Monterey Peninsula College
Everyone Wins When Students Succeed
Earning a college degree has a significant impact on earnings and a region’s economy as a whole. Increasing the number of college graduates in our community is critical for our economic future. Currently, only 23% of residents age 25 and older hold a Bachelor’s Degree but by 2030 38% of job openings will require a Bachelor’s degree (Public Policy Institute of California).
We’re Falling Behind
Too many of our young people with the ability and desire to succeed in college lack the support to do so. Today 75% of Monterey County high school students aspire to attend college, but only 33% have taken the required courses to apply to a University of California or California State University campus. In some high schools in our county, as few as 1 in 20 students are prepared.
College costs have risen faster than financial aid — low-income families are faced with college expenses that require a large percentage of their income. Even with federal, state, and campus-based financial aid, low income families spend 50-70% of their discretionary income on college costs to avoid student loan debt.
|Income||$0 – $30,000||$30,001 – $48,000|
|College Type||University of California||California State University||University of California||California State University|
|% Discretionary Income||64%||48%||32%||28%|
In 1980, a student could pay for tuition and fees at a University of California campus working at minimum wage only 5 hours per week. Today, a similar student would need to work 30 hours per week.
By taking a fresh look at our scholarship approach, informed by best practices in other California Communities, we can change this reality.
A New Approach
Many scholarships have been awarded to the highest academic achievers. This provides recognition for students who have excelled in high school – but doesn’t factor in whether the students and their families have financial need. College Futures Monterey County is designed to help low-income students in Monterey County achieve their educational and career goals.
Our approach combines need-based scholarships with college success services to ensure students have the greatest opportunity to get to and through college. Scholarship winners can attend the college or university of their choice.
We are partnering with California State University Monterey Bay (CSUMB) to expand college success services to more students in the Monterey County high schools with the greatest need. Through the Upward Bound and Educational Talent Search programs, CSUMB reaches over 1,300 students across 7 high schools, increasing student knowledge about financial aid, college admissions, and academic preparedness.
- Alisal High School
- Gonzales High School
- Greenfield High School
- King City High School
- North Monterey County High School
- Seaside High School
- Soledad High School
This approach includes four essential components:
- Outreach to low-income, first generation students
- Advise students on academic preparation, college admissions, and financial aid and literacy
- Support for students to Access public financial aid and attend a college of their choice that meets their educational and career goals
- Provide multi-year scholarships to help students persist and Attain a bachelor’s degree
Our partnership will increase the number of students that these programs serve, helping many more students receive the support they need to get to college. These programs are highly effective, regularly increasing the rate at which students attend college and complete a bachelor’s degree. We are working with CSUMB to award need-based scholarships to participants in these programs while ensuring that students apply for all public financial aid for which they qualify.
How to Apply
Students can contact the guidance counselor at participating schools (above), and, if eligible, apply via the CFMC’s online scholarship portal. The ext application cycle will open in early January 2018.
A Smart Investment
I was the first in my family to go straight to a four-year university. Getting help with applications and financial aid was crucial. – Francisca Rios, CSU Monterey Bay Student
Growing the number of students who earn college degrees makes a brighter future for us all. Thanks to many generous donors, the CFMC currently provides scholarships to more than 75 students annually. Through College Futures Monterey County, we plan to double that number. An investment in this approach is a commitment to helping local students reach their full potential. It is also an investment in the economic and social future of our county. College Futures Monterey County Brochure
3 Ways to Give – Your Gift Will Be Matched By College Futures Foundation
Establish a Named Scholarship Fund
- Establish your own named scholarship fund with a gift of $10,000 or more to provide annual scholarships.
Make a One-Time Gift or Annual Investment
- Contribute to a pooled fund that provides annual scholarships to low-income and underrepresented college students in Monterey County. A gift of $2,500 provides 1 to 2 scholarships, while $5,000 provides 1 to 5 scholarships. You can also make a multi-year pledge to support scholarships.
Make a Gift in your Will or Estate Plan
- Consult with your professional advisor to determine the most advantageous ways to maximize your planned gift.
Please join us to learn about ways you can help more deserving young people with financial need fulfill their dream of earning a college degree—and change the future of our region.
Invest in College Futures Monterey County
Apply for a Scholarship
Vice President of Philanthropic Services
Program and Scholarships Officer