The U.S. Department of Education awarded more than $12.9 million today to a total of 34 colleges and universities as part of the new set of Strengthening Institutions Program (SIP) grantees. SIP helps postsecondary schools to expand their capacity to serve low-income students by providing funds to improve and strengthen the academic quality, institutional management and fiscal stability of eligible institutions and build a framework to help students complete college.
“The President has set a goal for America to lead the world in college graduates by 2020, and grant programs like the Strengthening Institutions Program help to further our efforts to meet that mark,” U.S. Education Secretary Arne Duncan said.
SIP funds may be used for a variety of purposes, including planning, faculty development, and the development and improvement of academic programs. Administrative management and establishing an endowment fund are also supported. Institutions may use the grant for other projects as well, such as allowing the joint use of instructional facilities, construction and maintenance, and student service programs designed to improve academic success, including providing innovative, customized instruction courses designed to help retain students and move the students rapidly into core courses and through program completion.
The program funds grants for a total of five years.