Going to college with a 'Hope' scholarship - 60 Minutes

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Going to college with a 'Hope' scholarship - 60 Minutes
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Hope Chicago aims to send 30,000 students and parents to college for free in the next decade. Hope Toledo has already begun the mission.

Earlier this year, high school senior Desiree Guzman set her sights on college. A senior at Chicago's Farragut Career Academy High School and enrolled in the school's Junior Reserve Officers' Training Corps, Guzman reasoned that a college degree would help her find a better job, one that might help her single mother retire. The only question was how to pay for the tuition.

These young women will now do more than live out their dream of higher education — they will do it for free. They are among 4,000 Chicago high school students promised a full ride to in-state college by the nonprofit organization Hope Chicago.Founded by entrepreneur Pete Kadens and businessman Ted Koenig, the Hope Chicago program covers tuition, room and board, books, fees, and surcharges at roughly 20 partner colleges and programs.

"I have a big belief in paying it backward," Kadens said."People always talk about paying it forward. But what about the people and communities who propelled me? Those are the places that I want to go and engage." "I was amazed," she said."Honestly, I wasn't sure if I was going to take it. I just wanted my daughter to take the full advantage of it and go to school. But she pushed me. She's the reason I took it."

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