Estimation of the Cost of a Newark Promise

Authors

George A. Erickcek, W.E. Upjohn Institute for Employment ResearchFollow
Michelle Miller-Adams, W.E. Upjohn Institute for Employment ResearchFollow

Upjohn Author ORCID Identifier

https://orcid.org/0000-0001-6869-9063

Issue Date

November 19, 2012

Abstract

This report offers an estimate of the cost of a place-based scholarship program, with a similar program structure as the Kalamazoo Promise, for the City of Newark, New Jersey. It is assumed that the projected Newark Promise scholarship program would begin in the fall of 2013, and the full cost of the scholarship would not occur until 2016 when four years of students are enrolled with Promise scholarships. Once "fully loaded," annual cost estimates for a Newark Promise range from approximately $8 million to $11.5 million per year, although costs would be substantially lower in the initial years of the program. Only the scholarship costs are estimated in this report; costs associated with administering the scholarship program or any related support programs are not included.

Sponsorship

Council of New Jersey Grantmakers

Subject Areas

EDUCATION; Postsecondary education; Postsecondary access; Promise scholarships