MATC Launches Debt Scholarship Program to Allow Students to Return to College; MATC ReStart Program Helps Students Repay Up to $1,500 of MATC Past-Due Balances
MILWAUKEE (June 23, 2020) — Lack of funds and past student debt prevent many students from finishing their college degrees. Milwaukee Area Technical College is taking another step to address these challenges by launching a debt scholarship program to help eligible returning students repay up to $1,500 of past-due balances owed the college for expenses such as tuition, books and other fees.
“Our research showed that many students were unable to finish their academic programs due to relatively modest debt owed the college,” said Dr. Vicki J. Martin, MATC president. “MATC degrees and diplomas help individuals gain jobs that earn family-sustaining wages. We want to remove the barriers blocking our students from finishing college. Along with programs like our tuition-free MATC Promise, we believe MATC ReStart could make a crucial difference in changing lives for the better, especially in this time of economic distress caused by the pandemic.”
To continue in the program, students must do the following each semester: enroll in six college level credits, earn a grade point average of 2.0 or better, successfully complete 67 percent of credits attempted and perform 15 hours of volunteer service either at MATC or in the community. Called MATC ReStart, the program is being offered to returning students who last attended MATC between Fall 2009 and Spring 2018, and who have an existing account balance of $1,500 or less. Students can earn up to $500 in scholarships to repay their debt each semester they are successfully enrolled at MATC for up to three semesters. It does not apply to debt owed on government student loans.
The seed funding to begin the MATC ReStart program came from proceeds from MATC’s participation in the Federal Communications Commission (FCC) broadcast incentive auction in which the MATC Board of Directors sold a portion of the airwaves used by Milwaukee PBS’s Channel 36. Some of the funds were designated for making college education more accessible and affordable.
Wisconsin’s largest technical college and one of the most diverse two-year institutions in the Midwest, Milwaukee Area Technical College is a key driver of southeastern Wisconsin’s economy and has provided innovative education in the region since 1912. Nearly 35,000 students per year attend the college’s four campuses and community-based sites or learn online. MATC offers affordable and accessible education and training opportunities that empower and transform lives in the community. The college offers more than 150 academic programs; and transfer options leading to bachelor’s degrees with more than 35 four-year colleges and universities. Overwhelmingly, MATC graduates build careers and businesses in southeastern Wisconsin. The college is accredited by the Higher Learning Commission.