Entrepreneur Tade Oyerinde had the original idea for Campus, a national community college startup, five years ago when he met an adjunct professor who was so broke he slept on the floor of his UCLA office.
that two decades after starting college, the median Black student borrower still owes 95% of their original loan while the median white borrower owes about 6%.is successful, his approach could serve as a model for significantly slashing the cost of obtaining a bachelor’s degree. The cost for one year of tuition at Campus is about $7,000, which can be fully covered by a federal Pell grant for those eligible. But it won’t be easy.
“To put together a synchronous, live, quality education that has all these wraparound supports — the tutoring, mental health support, the laptop, the WiFi — to do all that and to do it with students that qualify to not have to take on any debt,” Zimmerman said. “That’s the Holy Grail for education, in my opinion. If we can do that, prove that we can get to a scale where that’s feasible, I know my grandparents would be looking down with pride.
The classes tend to have about 60 students, and are held two or three evenings a week to accommodate work schedules. Oyerinde said Campus provides laptops, Wi-Fi and support services to remove as much friction as possible for students. Nationally, only about 36% of community college students complete their two-year associate’s degrees from a community college within three years, and Oyerinde said Campus strives to double that rate.
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