Vassar College is the inaugural recipient of an annual $1-million award given to the college that most successfully admits and graduates low-income students, the Jack Kent Cooke Foundation announced Tuesday.
The New York Times‘s Upshot blog first reported the news, and said Vassar’s top ranking on a list the Upshot designed last year — meant to highlight the most economically diverse elite colleges — influenced foundation officials. Catharine Bond Hill, Vassar’s president, told the Times the college would use the money to expand an orientation program and increase scholarships for undocumented students.
“We hope this prize will encourage other institutions to follow Vassar’s strong leadership in creating college access and success initiatives,” said the foundation’s executive director, Harold O. Levy, in a news release.