AT&T Announces Quarter-Billion-Dollar Expansion Of Education Commitment

'Socially Innovative' Approach To Increase High School Graduates, Boost Workplace Readiness; New Study: Graduation Rates Improve, But Dropouts Remain Too High

As access to skilled workers becomes increasingly vital to the U.S. economy, AT&T is launching a quarter-billion-dollar campaign to help more students graduate from high school ready for careers and college, and to ensure the country is better prepared to meet global competition.

AT&T Aspire, already among the most significant U.S. corporate educational initiatives awith more than $100 million invested since 2008, will tackle high school success and college/career readiness for students at-risk of dropping out of high school through a much larger, "socially innovative" approach. Social innovation goes beyond traditional philanthropy – which typically involves only charitable giving – to also engage people and technology to bring different approaches, new solutions and added resources to challenging social problems.  

The greatly expanded effort centers on a new, $250 million financial commitment planned over 5 years. AT&T Aspire will build on that commitment by using technology to connect with students in new and more effective ways, such as with interactive gamification, Web-based content and social media. The company will also tap the innovation engine of the AT&T Foundry to look for fresh or atypical approaches to educational obstacles. Finally, AT&T Aspire will capitalize on the power of personal connections in the form of mentoring, internships and other voluntary efforts that involve many of AT&T's approximately 260,000 employees. The Aspire effort already has impacted more than one million U.S. high school students, helping them prepare for success in the workplace and college.

"AT&T Aspire works toward an America where every student graduates high school equipped with the knowledge and skills to strengthen the nation's workforce," AT&T Chairman and CEO Randall Stephenson said while announcing the extended commitment during a keynote address at the second annual Building a Grad Nation Summit. The Washington, D.C., event convened by America's Promise Alliance ( www.americaspromise.org/), Civic Enterprises ( www.civicenterprises.net/home.html), The Everyone Graduates Center at Johns Hopkins University ( www.every1graduates.org/), and the Alliance for Excellent Education ( www.all4ed.org/) brings together nearly 1,200 U.S. leaders to discuss progress and challenges in ending the high school dropout crisis.

Lacking a high school degree is a serious issue in the United States, where one in four students – more than 1 million each year – drops out, according to a March 19, 2012, report by Civic Enterprises, the Everyone Graduates Center, America's Promise Alliance and the Alliance for Excellent Education. AT&T is the lead sponsor of this report. Education experts believe that the lack of a high school degree significantly worsens job prospects in a rapidly changing, increasingly sophisticated job market.

And, if dropouts find jobs, they earn less. On average, a high school dropout earns 25 percent less during the course of his or her lifetime compared with a high school graduate and 57 percent less than a college graduate with a bachelor's degree.[1]

The situation poses a serious risk to American competitiveness as corporations struggle to find talent, especially in the math and