Since 1858, the LCU Fund for Women’s Education (LCU Fund) has been helping women secure safe, affordable housing in New York City. Since 2001, this has taken the shape of a grantmaking program that supports female students of limited financial means by providing funding toward their housing costs. The LCU Fund supports students majoring in the arts, education, social work, public administration, religious leadership, criminal justice, and health care, all of which have the potential to lead to socially responsible careers. In close to two decades, the LCU fund has awarded over $13M in housing grants to 2,300 students at 35 undergraduate and graduate educational institutions. Alleviating the worry about the cost of housing enables students to focus on degree completion, and addresses the imbalance between New York City’s breadth of high-quality educational opportunities and its shortage of low-cost housing. On average, an LCU Fund grant covers 47% of a student’s housing costs for the year.
Why Women Scholars?
Research shows that women with at least a bachelor’s degree reap benefits throughout their working lives. They are more likely to be employed — 80% of women aged 25-34 with a bachelor’s degree are employed, compared with 59% in the same age group who have only a high school diploma — and more likely to escape the cycle of poverty (only 9.3 percent of people living below the federal poverty level have a college degree). But there are considerable barriers to earning that college degree. From the outset, female scholars from low- and middle-income households face an uphill struggle: They are less likely to have family assistance with tuition costs, and more likely to have other commitments, such as a part-time job or family caretaking role, in addition to classes.
Tuition is not the only cost associated with attending college — even if tuition is fully or partially covered by grants or scholarships, the student is still responsible for her own room and board. In New York City, this is a particularly burdensome cost. Rents here are high — some 65% of NYC renters pay more than $1,000 per month, and 53.4% of renters pay 30% or more of their household income in rent. The number of affordable apartments in the city is shrinking, as rent increases over the past decade have surpassed income growth. When the cost of New York City housing is factored in, some lower-income scholars — or even middle-income scholars — are forced to give up their hopes of higher education altogether.
In recent years, the LCU Fund’s Board of Directors has asked the question central to this inquiry: what more? We wanted to know what the LCU Fund, in partnership with educational institutions and other foundations, could do differently or better to meet the needs of students and alumnae. In other words, how could the LCU Fund maximize the impact of its philanthropic investments by aligning more closely with the students it supports?
In the summer of 2018, the LCU Fund collected survey data from students and alumnae who have received LCU Fund support. Questions touched on themes of educational attainment, employment, income, expenses/affordability, unmet needs, and community engagement.
Read the full “What More?” survey report:
The #RealCollege survey is the nation’s largest annual assessment of basic needs security among college students. The survey, created by the Hope Center for College, Community, and Justice (Hope Center), specifically evaluates access to affordable food and housing. This report describes the results of the #RealCollege survey administered in the fall of 2018 at 123 two- and four-year institutions across the United States.
Rates of basic needs insecurity are higher for students attending two-year colleges compared to those attending four-year colleges. Rates of basic needs insecurity are higher for marginalized students, including African Americans, students identifying as LGBTQ, and students who are independent from their parents or guardians for financial aid purposes. Students who have served in the military, former foster youth, and students who were formerly convicted of a crime are all at greater risk of basic needs insecurity. Working during college is not associated with a lower risk of basic needs insecurity, and neither is receiving the federal Pell Grant; the latter is in fact associated with higher rates of basic needs insecurity.
Read the full #RealCollege survey: