In an effort to increase graduation rates among its students, St. Mary's University in Texas launched the Four-year Pledge program. If students fulfill their responsibilities and are unable to complete the requirements for the degree within four years, the university will provide a grant that will cover tuition and fees for the additional courses that are required to graduate, the school reports in a press release.
St. Mary's Four-year Pledge is the first of its kind in San Antonio, and among only a few in Texas. The school recognizes that the longer a student is enrolled, the more cost that is incurred and long-term earning potential is delayed, the university reports. St. Mary's is seeking to help reduce the cost of higher education, thus lessening the total financial investment required of our students.
"Making a college degree affordable and accessible is only half the battle," said the school's president, Charles L. Cotrell. "Colleges and universities also have a responsibility to do their part to empower and motivate students to graduate in a timely manner so that they can move forward with their future careers and aspirations."
As part of the Four-year Pledge, St. Mary's University promises to provide students with access to up-to-date information so they can monitor their progress.
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