Engaging Students by Engaging Data

J. Noah Brown President and CEO of ACCT

Gabriel Rench Vice President of Higher EducaAon

Information Gap Many young people simply dont know how a college education can help them gain a solid career, so theyre hesitant to enroll. Others sign up, but drop out later.

WHY?

National EIS Results The average graduate with an associates degree

will receive $10,700 more each year than they would have with just a high school diploma. This adds up to $470,800 in higher income

over a working lifetime.

Students will receive a cumulative $4.80 back in future higher wages for every $1 they spend. This yields a return on investment of $3.80.

Becoming Employable

Becoming Employable

COMMUNITY COLLEGE TRENDS - AT A GLANCE Enrollment 6.7 million credit students were enrolled in community college in Fall 2013. 1 61% of those students were enrolled part-time. 1 43.6% of public two-year students receive federal financial aid. 3

Completion 22% of degree or certificate seeking students enrolled in two-year public colleges

complete within 150% time of normal program length (cohort year 2008). 2

More than half of exclusively full-time students (57.6 percent) complete within six years (cohort year 2007). 4

Remediation 40.8% of community college students have at some point taken remedial

coursework. 3

20.8% of community college students enrolled in AY 2011 12 were enrolled in a remedial course. 3

These are the highest rates for all sectors of postsecondary education. 3 1. NCES (2014) Enrollment in Postsecondary Institutions, Fall 2013; Financial Statistics, Fiscal Year 2013; and Employees in Postsecondary

Institutions, Fall 2. NCES (2013) Enrollment in Postsecondary Institutions, Fall 2012; Financial Statistics, Fiscal Year 2012; Graduation Rates, Selected

Cohorts, 2004-09; and Employees in Postsecondary Institutions, Fall 2012 3. NPSAS:12 4. NCES (2013) Completing College: A National View of Student Attainment Rates

POSTSECONDARY RATINGS The Administration is currently working on a Postsecondary Institution Ratings System (PIRS) to be released for the upcoming school year. It includes three main pillars:

ACCESS such as percentage of students receiving Pell

AFFORDABILITY such as average tuition and net price

OUTCOMES such as graduation and

transfer rates, and earnings

5

6

7

8 Millions

Enrollment Trends for Two-Year Public Ins9tu9ons (NCES)

3% 5% 7% 9% 11%

Yearly Unemployment Rate (BLS)

STATE DISINVESTMENT IN HIGHER EDUCATION

Between 2003 through 2012, state funding for all public colleges decreased by 12% overall. 1

With an increased enrollments and decreased funding, the median state funding per student declined by 24%.

Over the same Ame period tuiAon at public colleges increased by 54%.

During the recent recession 45 states cut funding for two-year public insAtuAons. 2

Of those states, 10 decreased funding by more than 30 %, and another 14 states cut funding between 20% and 30%.

31 states cut funding for two-year insAtuAons at a higher percentage than four-year insAtuAons.

1.GAO (2014) Higher EducaAon State Funding Trends and Policies on Affordability 2.CAP (2014) A Great Recession, a Great Retreat

Information Gap Theyre afraid of wasting their time and wracking up debt for an uncertain careerand who can blame them?

CAREER: Information GapYoung people struggle to connect their aspirations to real career options.

Often fail to find the education they need to get them there.

Closing the Gap Student successfrom college to careergoes up when colleges clearly demonstrate two things:

1) The connection between their programs and solid employment

2) The return on investment that students will gain by attending school

North Central State College

Tri County Technical College

Engaging Students by Engaging Data

1) Use data to show the connection between your programs and good careers so students know what

they can do with a particular degree. 2) Use data to demonstrate the value of education so

that students will know theyre getting a solid return on investment.

Gabriel Rench

gabriel@economicmodeling.com 208.892.5576

economicmodeling.com