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MJ Foster Promise: Regents hear report showing credential gains, warn of funding shortfall
Summary
The MJ Foster Promise program supported more than 3,000 students in year two and produced roughly 1,476 credentials; Regents were told the program substantially raised graduate wages but that MJ Foster is trending toward running out of funds again without additional appropriation.
Board staff presented the annual report on the MJ Foster Promise program, reporting rapid enrollment growth and measurable earnings gains for program completers but flagging a near-term funding shortfall.
Dr. Tristan Denley said the MJ Foster Promise — an adult-focused financial-aid program created to support workforce-oriented training — supported more than 3,000 students in its second year and that the program issued roughly 1,476 credentials. "This year, we spent all the money almost by Christmas…
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