Measuring STEM Education Scholarship Fund Impact
GrantID: 56106
Grant Funding Amount Low: Open
Deadline: Ongoing
Grant Amount High: Open
Summary
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Awards grants, College Scholarship grants, Community Development & Services grants, Education grants, Financial Assistance grants, Higher Education grants.
Grant Overview
Tracking Outcomes in the STEM Education Scholarship Fund
The STEM Education Scholarship Fund aims to inspire Campbell County High School graduates to pursue degrees in science, technology, engineering, and mathematics. This funding program is focused on measurable academic outcomes, which are essential in evaluating the effectiveness of scholarship disbursal against regional workforce needs. Required outcomes for this initiative include university enrollment in STEM programs and eventual graduation rates in these fields.
Key performance indicators (KPIs) that must be tracked by the program administrators include: 1. Enrollment rates in STEM programs post-award; 2. Graduation rates of scholarship recipients; 3. Retention rates in STEM majors; and 4. Post-graduate employment rates in STEM fields. Each of these metrics provides insight into the impact of funding on fostering skilled talent in areas crucial to local economic development.
The evaluation and reporting requirements stipulate that scholarship recipients submit annual progress reports detailing their academic performance in STEM areas, tracking their adherence to the intended career pathways. These reports will be shared with funding bodies to ensure accountability and transparency in how funds are utilized.
Performance thresholds are critical to measure the continued success of this initiative, with specific benchmarks set for each KPI. For instance, a target graduation rate of at least 80% will be established, along with a goal for at least 70% of graduates maintaining employment in relevant STEM fields within a year of graduation. Meeting these thresholds will not only justify continued investment in the program but also demonstrate its critical role in developing a thriving, competent local workforce.
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