Boise State University and inaugural partner CapEd Credit Union are rolling out a unique program that will enable more than 75,000 Idaho-based credit union members to pay a monthly subscription rate for online college courses, allowing them to earn a college degree or certificate at a significant cost savings over traditional tuition.
The new program, known as Boise State Passport to Education, will provide students individualized academic advising and student success coaching in a high-quality, affordable online degree program. Students pursuing their bachelor’s degree can concentrate coursework in a variety of academic areas that match their career and life goals.
“We are moving college tuition in the right direction and opening doors for anyone to earn their degree. We’re taking tuition from the level of a house payment down to the level of a monthly car payment, for many people, and with online technology, we’re removing barriers to a degree regardless of a student’s life stage or location,” said Gordon Jones, dean of Boise State’s College of Innovation and Design. “By collaborating with corporate and community partners, as a public university we are finding innovative ways to increase access and affordability to earning a college degree for students statewide and beyond.”
By delivering a college degree that is affordable, targeted to individual career needs and accessible across the state, the program addresses several of the most pressing challenges facing Idaho higher education today — combatting cost and student debt, delivering skills and competencies employers are demanding, and boosting Boise State’s efforts as a leader in moving Idaho toward its goal of ensuring that 60 percent of adults between 25 and 35 have a college degree or certificate.
Through the public-private partnership with CapEd, credit union members and employees can customize the amount of time and money they spend on their education with two subscription tiers — they may take up to six credits per term for $425 per month, or up to nine credits per term for $550 per month.
“We are honored and excited to be the inaugural private partner with Boise State University to provide higher education, to our members and employees, that is affordable and available regardless of their location or personal circumstances,” said Todd Erickson, CEO of CapEd Credit Union. “Our collaboration with Boise State University will benefit our members and community as individuals are able complete degrees and certifications with an affordable, monthly subscription.”
Passport to Education will allow students to complete their degree at a pace that fits their lives, giving them the flexibility to balance their educational goals with employment and family considerations. Students may be eligible for credit for prior learning and experience, which may shorten the time required to earn a degree. Students also will be able to maximize transfer credits they previously earned at other institutions.
Passport to Education is pending Idaho State Board of Education final approval later this week.