An American Council on Education (ACE) task force comprised of 28 college leaders, including Denver CU Chancellor Michelle Marks, today released a report showing best practices to change existing loan transfer and lending practices to make the best possible Supporting student success will be presented. Aimed at higher education executives, the report contains six key recommendations for reviewing transfer processes so that more students can earn an inexpensive and effective four-year degree.
The report, titled “Transfer Revising for Student Success: The National Credit Transfer and Issuance Task Force,” comes at a time when college students are becoming more mobile and moving through multiple colleges, universities, and other learning environments such as military service or the workforce. Almost a third of students entering college for the first time in 2011 received credits from two or more institutions within six years.
“Research has found that the majority of community college students in Colorado (nearly 80% estimated) intend to use their schooling as a path to a bachelor’s degree, but only 14% of them complete that degree within six years “said Marks. “It is important that higher education institutions develop broader transfer strategies and practices. The ACE Task Force report contains useful, practical recommendations.”
The gaps in student capital transfers have not been closed over time, raising questions about the effectiveness of existing transfer processes. With the increased focus on racial injustice and the widening of socio-economic gaps, the task force urges university leaders to remove the barriers facing the most vulnerable students so they can transfer, continue and graduate.
“The global health crisis and the resulting economic impact have widened the equity gaps and threatened access to higher education for first-generation low-income and color students in two decades,” said Ted Mitchell, president of ACE. “Improving the transmission and delivery of credit practices will not address all of these unprecedented challenges, but it is a necessary and critical component to student success in the future.
The task force developed six recommendations for institutions, including greater transparency, innovative use of technology, stronger institutional partnerships and more. For a full list of Task Force members and to download the report, click here.
“At CU Denver, transfers make up half of our student body,” said Marks. “We believe that higher education institutions should meet students where they are and make education as affordable, accessible and effective as possible. We hope that this report will serve as a stepping stone in revising our approach to mentoring transfer students. “