An organization dedicated to educating the Latino community announced a new initiative to put a college degree in every Latino household.
Representatives from the Hispanic Scholarship Fund are launching a campaign to have at least one person in every Latino household earn a college degree by 2025.
It also hopes to raise the rate of degree achievement from 19 percent to 60 percent.
If this goal is reached, the organization estimates that Latino lifetime earnings will increase from $24 trillion to $47 trillion by 2025.
Andy Pino, spokesman for the organization, said that during the last 35 years the organization has awarded about $300 million in scholarships to more than 50,000 students. Out of the awarded recipients, two-thirds were the first in their families to go to college.
“We know that when one member of the family has a college degree, it can have a strong and enduring impact on the college outlook of the entire family,” Pino said.
As of 2005, an estimated 42 million Latinos live in the United States and make up the largest minority group. However, Latinos have the lowest high school and college graduation rates of any racial or ethnic group.
Malgorzata Lee, a romance language professor at UNC, said the Hispanic Scholarship Fund can provide a strong encouragement to students who might not otherwise consider going to college.
“I am sure that the Hispanic Scholarship Fund will be very useful and will address the needs of the Hispanic students,” she said. “Many of them are left out, but it starts in high school where they should be provided with specific guidance and help.”