A college education isn’t a product. It’s an investment that makes an immediate impact and has lasting rewards. It has a cost, but the cost is often lowered with the help of financial aid. In this issue of the Beloit Companion, we’ll talk about money—and about value.
90%+ students receive grants/scholarships
$27,000+ average grant/scholarship award
93% of the Class of 2019 employed or enrolled in graduate school within 6 months of graduation
What was your first response when you understood the scope of the pandemic?
Honestly—this community doesn’t get overwhelmed by a challenge. We look for opportunities. So our first response was: This is a completely new situation. We have to think in completely new ways. Let’s be creative, let’s be compassionate—and let’s be bold.
How quickly were you able to act?
By early April, we developed the Beloit Action Plan. It established new programs—the Advanced Mentoring Program and Career Channels—that gave students more academic support and professional guidance from day one. It introduced new financial aid initiatives, to help families in need. And it literally changed our conception of time, breaking traditional semesters into shorter modules, or Mods.
What lessons have you learned from this experience?
The world is in crisis. A liberal arts education—our liberal arts education—is one way to address that crisis. We’re in the business of creating human potential. Our graduates have the skills, the audacity, and frankly the kindness to create a better future. You’ve got a challenge? We’ll find a way.
Hear an excerpt of Eric Boynton talking on Marketplace.
“My advisor, Charles Westerberg—he’s a sociology professor—told me that his goal for me after Beloit was to have a toolbox of skills and interests that I could fit into a number of fields and environments. He encouraged me to explore my passion for graphic design, which has landed me so many job offers. I still love sociology and hope to break into the field, but now I know that the world is so much bigger.”
“Professor Ted Gries offered me a research position in his lab—which led to an award from the college. That experience was a big boost; it made me feel that if I do my best and work hard, new opportunities will come my way.”
“Professor Laura Grube really pushed me out of my comfort zone. I wasn’t sure about internships. She helped me find one with a financial advisor in Beloit. She made me see my own potential. After graduation, I want to make an impact—and I feel like I’m ready to do that.”
You join the Business & Entrepreneurship Career Channel
You’re connected to campus activities, including Belmark Associates, a student- run consulting firm specializing in market research; the MakerLab, a DIY space for creators and entrepreneurs; and the Miller Upton Program, a week-long residency by a public intellectual studying wealth and the well-being of nations.
You’re connected to campus mentors, including Brian Morello, the director of our Center for Entrepreneurship (CELEB); Diep Phan, a professor of economics with a background in global enterprise; and George Williams, a working artist who teaches courses such as Business of Art.
You’re connected to job opportunities on campus (station manager of the student radio station, program coordinator at CELEB) and internship opportunities off campus (finance at Regal Beloit, Marketing at Rockford Rivets, human resources at Kemper Corporation).
What’s the most important thing for families to understand about the cost of college?
We tailor financial aid to each student’s circumstances. So the price you see on the website is rarely what you’ll end up paying. In other words: We can do this!
How are you supporting families during the pandemic?
We’ve actually strengthened our financial aid program to meet families where they are. Here’s one example: In the spring, we introduced the Midwest Flagship Match, which guarantees we’ll match or beat in-state tuition at the flagship public university for residents of Illinois, Indiana, Iowa, Michigan, Minnesota, and Wisconsin.
How do families know if they should apply for aid?
Unless you know you can fund four years of college, you should apply. That way, we can work with you to make Beloit possible. This process is a partnership. We’re here to help.