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Michael Lomax

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  1. Milken Institute48 min

    Illuminating Success Stories on HBCU Campuses | Milken Institute Global Conference 2024

    Troy Duffie, Michael Ellison, Darlene Goins, T.D Jakes, Michael Lomax, Gregory Vincent

    Leading philanthropic organizations and financial institutions, including UNCF, Wells Fargo, and the T.D. Jakes Foundation, launched a strategic partnership to deploy up to $1 billion in capital for historically Black colleges and universities to address urgent challenges in STEM education and AI-driven workforce displacement. This initiative funds diverse interventions ranging from a $370 million pooled endowment and new technical programs at schools like Talladega College to the Milken Institute HBCU Fellowship, which places fellows in internships with major corporations like Apple and JPMorgan Chase. By prioritizing entrepreneurship instruction, direct institutional funding, and digital infrastructure through the HBCU Virtual platform, the coalition aims to secure economic mobility for non-traditional students and counteract systemic barriers in higher education.

  2. Milken Institute55 min

    Bridging the College Gap: Preparing Low-Income Students to Succeed

    Tom Boysen, Elaine Nguyen, George Weiss, Anna McCullough, Michael Lomax, Stephen Knapp

    Moderator Tom Boysen led a panel of business leaders and education experts in diagnosing the stagnation of low-income student outcomes despite forty years of federal spending, highlighting how socioeconomic status increasingly overrides academic ability in degree attainment. The discussion showcased transformative models from organizations like Say Yes to Education and QuestBridge that combine full tuition coverage with holistic supports such as mental health services and mentorship to achieve graduation rates significantly higher than national averages. While panelists identified political gridlock and a lack of accountability mechanisms in higher education as major obstacles, they concluded that philanthropy and local community accountability must drive the systemic revolution required to scale these successful interventions.