Rocket Recovery, The University of Toledo’s student emergency grant fund, has awarded more than $320,000 to students since the program started in 2017.
The Great Lakes Higher Education Corp. & Affiliates, now known as Ascendium, awarded The University of Toledo a two-year grant to help low-income students cover the cost of financial emergencies, like car repairs or medical bills, so they can focus on their studies and stay in college.
Rocket Recovery provides emergency grants for up to $1,000 per student to help pay for unexpected costs. Funds are disbursed within 48 hours of the approved application.
Undergraduate students who meet income guidelines and are enrolled for the current semester are encouraged to apply for funds.
Dr. Michele Soliz, UToledo assistant vice president for student success and inclusion, focuses on strategic retention initiatives and serves as program director.
“Lack of financial aid is a main reason for not completing a degree. These funds help students who find themselves in extreme circumstances that otherwise could mean the end of college. We want students to use this resource and avoid unneeded disruption to their studies,” Soliz said. “The more students use resources like this and tell us what types of obstacles they are facing, the better we can serve them.”
For more information or to apply for a grant, visit the Rocket Recovery web page.