Goldey-Beacom College Named in Top 20% of Economic Mobility Index

FOR IMMEDIATE RELEASE

CONTACT:   Janine G. Sorbello, Dir. of Ext. Affairs             DATE: September 14, 2022

CELL:            302-290-3224                              

EMAIL:         [email protected]

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Goldey-Beacom College Named in Top 20% of Economic Mobility Index

Wilmington, DE – Goldey-Beacom College (GBC) has been ranked in the top 20% of the Economic Mobility Index (EMI) for colleges and universities by Washington, DC think tank – Third Way. GBC is the only institution of higher education in Delaware to achieve this ranking.

GBC President Colleen Perry Keith said, “When you think about GBC’s recognition on the Economic Mobility Index, we should be getting all sorts of students – we provide the value for those who need it the most. It’s not just that we happen to be affordable, it’s that we have an intentional focus on enabling the least-resourced students to come to our institution and gain an incredible life opportunity.”

Michael Itzkowitz, a senior fellow for Third Way, has been responsible for shaping the group’s higher education advocacy agenda. This five-tiered system was designed for comparison purposes. He said, “Institutions that provide the greatest economic mobility are now located in Tier 1 with other schools shown to deliver comparably strong outcomes.”

• Tier 1: Colleges that rate within the top 20% for economic mobility
• Tier 2: Colleges that rate between 20% and 40% for economic mobility
• Tier 3: Colleges that rate between 40% and 60% for economic mobility
• Tier 4: Colleges that rate between 60% and 80% for economic mobility
• Tier 5: Colleges that rate within the bottom 80% and 100% for economic mobility

According to Third Way, its EMI mathematically combines two variables: 1) the amount of time it takes low-income students from a given college to recoup the costs of paying for their education, and 2) the proportion of students from low- and moderate-income backgrounds who were enrolled at each school. This updated model now incorporates the amount of federal financial aid that each of these institutions receives on an annual basis.

Recently, Department of Education Secretary Miguel Cardona said that “we need a culture change in higher education.” He said that elite rankings are “a joke” and that more attention needs to be focused on the institutions that serve the nation’s less affluent students. Cardona stated, “It’s a cruel irony that institutions that serve the most students with the most to gain from a college degree have the fewest resources to invest in student success.”

Third Way is a national think tank that champions modern, center-left ideas. Their work is grounded in the mainstream American values of opportunity, freedom and security. They identify as center-left, because that space in U.S. politics offers the only real path for advancing those ideals in the century ahead.

Their agenda is ambitious, aspirational and actionable. It is built on the bedrock belief that for political movements to succeed in our political system, they must relentlessly re-imagine their policies, strategies and coalitions.

Founded in 1886, Goldey-Beacom College has approximately 1,300 students enrolled from 22 states and 65 nations. The College offers 42 degree options in its graduate and undergraduate programs with majors in psychology, economics, criminal justice, communication & media, human services, English, and all areas of business, including accounting, business administration, entrepreneurship, and finance.

The College is accepting students into two new degree programs in fall 2022: B.A. in Interdisciplinary Studies; B.S. in Business Administration with a concentration in Business Analytics. Both were approved in March 2022 by the Delaware Department of Education. In fall 2023, the College plans to offer two additional degrees: Bachelor of Science in Marketing; Bachelor of Science in Business Administration with a concentration in Digital Marketing.

The College is committed to connecting its graduates with careers in their respective fields. For over a decade, the College has achieved a 90% placement rate for graduates. Goldey-Beacom College is located in Pike Creek Valley, a suburb of Wilmington, Delaware. The College is accredited by the Middle States Commission on Higher Education and the Accreditation Council for Business Schools and Programs.

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