Thursday, May 14, 2015
Linking Disadvantaged Students to Elite Colleges
May 13, 2015 12:47 p.m. ET
Excerpted from The Wall Street Journal
...A group of Silicon Valley’s top venture capitalists have been quietly pouring resources into an education nonprofit that boosts the number of low-income students at the nation’s top colleges.
Part of their interest, they say, is to help build a deeper talent pool for American corporations, especially in jobs requiring training in science, technology, engineering and mathematics, so-called STEM skills.
The investors, who include LinkedIn Corp. co-founder Reid Hoffman, have contributed financial and advisory support to QuestBridge, conceived in 2003 to connect disadvantaged students with elite colleges that pay a recruiting fee for the services.
The service has spread to 35 mostly private colleges, including Stanford University and Yale University, and helps place about 2,000 low-income students from an applicant pool that now tops 10,000 a year—one of the largest such programs in the country.