Litewaive aims to increase first-generation college student enrollment and success by:
- Making sense out of the college investment.
- Decreasing the size of the investment.
Litewaive does this by helping prospective first-generation students gain the first-hand knowledge required to understand college, and a means to decrease net tuition expense by 25%.
The college affordability problem is not solely financial. For students, the true cost of college can be seen as a combination of investments which include:
For many prospective first-generation college students, both the time and financial commitments associated with college are unknown quantities. The irrational nature of decision making with unknown quantities naturally sees a high degree of withdrawal—prospective college students becoming non-participants.
----> Solutions won't scale unless time and money investments are known quantities.
How Litewaive Solves The Problem
Litewaive collaborates with colleges and universities around the country to create a wide selection of online classes so students can pick and choose what they want to try out. Every class taken earns college transfer credit, up to 25% of undergraduate degree requirements.
- Student: "I'm not sure if I want to sign up for 4 more years of school."
- Litewaive: "Try before you buy."
- Student: "College is too expensive."
- Litewaive: "The more you try, the cheaper college will be—up to 25% less."
The 3 Levers of First-Generation Student Participation
By helping prospective first-generation students "try before you buy," understand cash & debt commitments, and significantly lower net tuition cost, time and money become known quantities. This will increase prospective student participation and success.
The Pain & Solution Explained Further:
"College is a "high dive through a tiny hole, into a pool I'm not really sure about in the first place."
- How might we:
- Lower the diving board?
- Make the hole bigger?
Here's How Litewaive Works:
A public + private partnership in which Litewaive collaborates with colleges and universities around the country, to create a wide selection of classes so students can pick and choose what they want to try out:
Litewaive would essentially layer a special instructor component on top of the institution's self-study college content. This would convert it into for-credit coursework, but keep the experience low-stress, and cost less than what colleges and universities can offer.
2) Through collaboration with colleges and universities, Litewaive certifies coursework students complete.
3) Through Litewaive, high school juniors, seniors, and recent grads can earn up to a year of general education transfer credits. The goal would be to decrease net tuition costs by 25%.
4) Here's the end goal for students: increase confidence; foot in the door academically; and 25% decrease in net tuition costs.