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New York Life Foundation Grants $360,000 to National College Advising Corps

Multi-Year Grant Supports Program Expansion to Increase Number of At-Risk Kids who Pursue a Post-Secondary Education

NEW YORK, N.Y., December 6, 2011 — The New York Life Foundation today announced a three-year, $360,000 grant to the National College Advising Corps. The grant will help the Advising Corps increase the number of at-risk students applying to college through the use of college advisers in underserved high schools. The funding specifically supports the addition of seven recent college graduates, or “New York Life Advisers,” in New York, Salt Lake City and Dallas who will work full-time in these schools to help students see college as a viable option. The advisers will help students narrow down their choices, complete admissions and financial aid applications, and enroll at schools where they will fit in academically and socially, thus increasing the likelihood that these students will earn a degree.

“We are proud to assist the Advising Corps to enable more young people, who would likely not otherwise strive for a college education, to believe that a secondary education is achievable,” said Chris Park, president, New York Life Foundation.

“We are grateful to the New York Life Foundation for their support, which enables the Advising Corps to inspire thousands of underserved students who are qualified to attend college but who lack the information and support they need to succeed,” said Nicole Hurd, Ph.D., founder and executive director of the Advising Corps. “In fact, nearly 25% of low-income, first-generation college students who score in the top quartile on standardized tests never go to college.”

The New York Life Foundation grant supports two “New York Life Advisers” in New York and Salt Lake City and three in Dallas, who partner with school staff and focus exclusively on improving the schools’ college-going culture and ensuring that students apply to and enroll in colleges. The “New York Life Advisers” will assist more than 6,000 students over the three-year grant period.

Advisers are paid a very modest salary and view their work more as a “community service” for one or two years. They are trained by the Advising Corps and their respective college/university partner; 84 percent of them choose to serve a second year and those who don’t usually attend graduate school.

About The New York Life Foundation

Inspired by New York Life’s tradition of service and humanity, the New York Life Foundation has, since its founding in 1979, provided more than $140 million in charitable contributions to national and local nonprofit organizations. Through its focus on “Nurturing the Children,” the Foundation supports programs that benefit young people, particularly in the areas of safe places to learn and grow, educational enhancement opportunities and childhood bereavement. The Foundation also encourages and facilitates the community involvement of employees, agents, and retirees of New York Life through its Volunteers for Life program. To learn more, please visit the Foundation's Web site at www.newyorklifefoundation.org.

About NCAC

The National College Advising Corps, with headquarters at the University of North Carolina at Chapel Hill, is an innovative program that works to increase the number of low-income, first-generation-college, and underrepresented students who enter and complete higher education. Through a nationwide consortium of college and universities, recent graduates of partner colleges and universities are hired, trained and placed as full-time college advisers in underserved high schools throughout the United States. The Advising Corps serves communities across the country to provide the guidance and encouragement that many students need to navigate the complex web of college admissions and secure financial aid.

To date, The Advising Corps has served more than 189,000 students since its inception in 2004. In the 2011-2012 school year, 321 advisers representing 17 institutions of higher education in 14 states will reach over 110,000 students in 368 high schools. For more information about the Advising Corps, please visit www.advisingcorps.org.