COSI's Matching Student Scholarship and Community Partnership Program - Postsecondary grants will undergo a redesign. In May 2023, the COSI Advisory Board voted to combine the grants into one program that will launch in July 2026.
The redesign is happening in four phases. We are currently in the Phase II: Feedback & Planning. During this phase, COSI will work with Third Sector to collect stakeholder feedback and determine the new program design.
The COSI Board has voted on several items. Please visit the Updates section for details. Also, join us for a partner update session on Friday, October 25th at 9 a.m. The link is in the Upcoming Events Section.
We'll continue to provide updates on this process and information about opportunities for stakeholder engagement on this webpage.
Ask us a Question About the Redesign
- Updates
September 18, 2024, Board Meeting
July 18, 2024, Board Meeting
The Board approved the following items at the September 18, 2024 meeting.
The total amount of funds available for the joint program.
The Board approved $8.5M annually for the joint program.
IHE pool funding
A total of $6.1M in IHE funds
Weighted Factors to determine institutions.
35% Up to 250% Pell-eligible headcount
1% Area Technical College Adjustment
25% Community College Adjustment
25% Equity Adjustment
14% Rural Adjustment
Minimums
All institutions are eligible for a minimum of $75K allocation to support 50 students.
Institutions with more than 1000 students and up to 250% Pell-eligible will receive a minimum allocation of $225K to support 150 students.
CBO pool funding
A total of $2M in funding pool.
50 students minimum.
Receive $ 1,000 per student for scholarships
Receive $500 per student for wraparound supports
Click here for funding and allocation breakdowns.
The Board approved the following items at the July 18, 2024, COSI Board Retreat.
Funding Model: Separating IHE and CBO pools of funding
IHE pool funding factors
250% Pell-eligible headcount
Area Technical College Adjustment
Community College Adjustment
Equity Adjustment
Rural Adjustment
CBO pool funding factors
Based on the estimated expected students served
Receive XXXX per student for scholarships
Receive XXXX per student for wraparound supports
Supplemental Funding
5% one-time
3% annual increase in personal budget
We anticipate the COSI Board will vote on the following at the September meeting.
The total amount of funds available for both pools (IHE and CBO)
The percentage amounts for each of the IHE factors
The amounts for each of the CBO factors
- Upcoming Events
- Resources