Lumina explores new business models
Collaboration announced at White House Summit
College Opportunity Day of Action
Lumina Foundation has a single overarching goal: to increase the proportion of Americans with high-quality college degrees, certificates or other credentials to 60% by 2025. In support of this goal, Lumina will commit $700,000 to begin a collaborative exploration of business model redesign with seven innovative non-profit institutions:
- Charter Oak State College
- Colorado State University - Global Campus
- Empire State College
- Excelsior College
- Governors State University
- Granite State College
- Thomas Edison State College
The colleges and Foundation are joined in the work by intermediaries HCM Strategists and Community Wealth Partners. All seven institutions are what we refer to as “Completion Colleges” due to their focus and core competence in serving adults who have accumulated college credits but no degree. The goal is to explore how the business model of this diverse set of institutions can be reimagined, expanded and offered in more states to help more students translate their experiences into a high-quality college degree at a reasonable cost.
Read more about the White House summit at WhiteHouse.gov/College-Opportunity.