To encourage young people whose parents did not go to college, in particular, and improve their career opportunities, the Deutsche Bank Foundation launched the Degree Compass together with the Accenture Foundation and the Foundation of German Business in 2007. The 10th students' survey of the German Federal Ministry of Education and Research reconfirmed the importance of programmes of this type most recently in August 2008: The share of students at German universities from households where the parents did not attend college decreased once again.
This year's participants in the Degree Compass – celebrating its second year of existence – were welcomed to the programme on 9 September 2008. Qualified school-leavers from Berlin, Erfurt, Frankfurt (Main), Frankfurt (Oder), Hamburg, Cologne and Mannheim were eligible to apply for the programme. These cities were selected because their ratio of school-leavers going on to university is below the German average. In total, the Degree Compass programme supports 375 young people. The program is slated for continual expansion in the coming years. It is also important for other foundations and companies to implement the degree compass in their own regions, to open new perspectives to more young, talented people, said Tessen von Heydebreck, Chairman of the Deutsche Bank Foundation.