A new fund will attempt to assist colleges and universities seeking collaborations, partnerships and mergers. The Transformational Partnerships Fund launched Wednesday with a $2.5 million budget, enough to assist an estimated 20 pairs of institutions over three years. To qualify for support from the fund, at least one institution exploring a partnership must serve a student body that is at least a quarter people of color or where at least 40 percent of students are eligible for the federal Pell Grant, which is widely considered a proxy for low-income status. A potential partnership also needs to be able to produce “materially better academic outcomes” for students.
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