IWNC NATIONAL LEADERSHIP FORUMTHE FUTURE OF CTE:ONLINE & HYBRID EDUCATION

Peter Ockerbloom Sr. Vice President, Client Management, Penn Foster

September 18, 2013

Massive Challenge:SKILLS GAP

Yet, employers still cannot find enough qualified workers to fill middle-skilled jobs

More than 12 million remain unemployed

Nearly 4 million jobs go unfilled

http://www.infosecurity-magazine.com/view/30325/a-risk-managementbased-look-at-the-infosec-skills-gap/

Bureau of Labor Statistics

Finical burden

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$150BPRIVATE LOANS

$864BGOVERMEN

T LOANS

67%UNDER AGE

OF 40

33%OVER AGE

40

Private For-Profit: $32,700 per

graduate (96% have loans)

Community College: $10,000

per graduate(13% take out

loans)Public Non-Profit: $20,000 per

graduate(48% take out

loans)Private Non-Profit:

$24,600 per graduate

(57% take out loans)

4%OVER $100k

Avg $26k

“30% of borrowers over 90 days behind and at risk of default”*

13%Over 50k

Amount Age Balances

Institution

Massive Challenge:STUDENT DEBT

* not including loan deferment or forbearance, Federal Reserve Bank of New York, 2013

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A ROOT CAUSE:CAREER TECHNICAL EDUCATION (CTE) IS BROKEN

NO COMMON DEFINITION EXPENSIVE NOT CONNECTED TO

EMPLOYERS NEEDS

CTE BY THE NUMBERS 4-8%Federal

(Perkins)

$13B

Total Spend

48M

# of K-12 Students in

US

1.8% “vocational” $13,72

8“vocational”

Cost Per Student

$10,560

20-40% highe

r

State Department of Educationhttp://education.stateuniversity.com/pages/2446/State-Departments-Education-VOCATIONAL-EDUCATION.html

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OPPORTUNITIES FOR CTE

Employ project-based learning to personalize the student experience

Embrace digital learning

Change the perception of middle-skilled careers

Stimulate innovation

Promote uniformity

Reward competency, not accreditation

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A PATH FORWARD:ONLINE AND HYBRID LEARNING

PEW/Elon University Study, July 2012http://pewinternet.org/Reports/2012/Future-of-Higher-Education.aspx

By 2020 there will be mass adoption of teleconferencing and distance learning to leverage expert resources … a transition to ‘hybrid’ classes that combines online learning components with less-frequent on-campus, in-person class meetings.”

“

WHY HYBRID LEARNING

LESS EXPENSIVE:

TRADITIONAL

$10,560K student/year

BLENDED

$8.K student/year (+/- 15%)

15.7% SAVINGS

ONLINE $6.6K student/year (+/- 20%)

39.4% SAVINGSJan 2012 Fordham Foundation Report

WHY HYBRID LEARNING

A MODEL THAT WORKS(EVEN FOR MOST AT-RISK STUDENTS)

• Partner with 40 Job Corps locations across the US• Career Pathway Electives aligned with Job Corps 11

industry clusters• Graduated 11,028 Job Corps students to date • 104% Performance Rating

WE OFFER MULTIPLE PATHWAYS FOR CTE

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The original correspondence school, deeply rooted in the need to train Americans in the technical skills required to find jobs in their local area.

PENN FOSTER: CAREER TRAINING HERITAGE

Circa1890

PENN FOSTER TODAY:LEADER IN CAREER FOCUSED ONLINE AND HYBRID EDUCATION

http://www.wallpapers-room.com/3686/filter/random/industrial/2/

Regionally and nationally

accredited; Tier 1 approved

Experience:400+ high school &

charter school partnerships including

40+ Job Corps.

Experience: Training partner

to over 1000 corporations

Low Cost High School Diploma $599;

Career Certificates 70% less than market

average.

Largest and oldest school for career preparedness

with annual enrollments of

150K+

Turnkey and customized

to meet your needs.

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Regionally and nationally

accredited; Tier 1 approved

Experience:400+ secondary and

post-secondary partnerships including

45 Job Corps.

Focus:high-growth industrial

occupations: electrician, welder

and HVAC technician & industries: utilities, manufacturing and

construction

Affordable Debt- Free Career

Diplomas >$1000College Degrees

$79/credit

Largest and oldest school for career preparedness

with annual enrollments of

150K+

Experience: Training partner

to over 1000 corporations

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peter.ockerbloom@pennfoster.edu

http://www.etftrends.com/2010/06/5-etfs-watch-amid-rising-industrial-output/

THANK YOU

3,000 modules of stackable content across 6 main areas

15http://www.flickr.com/photos/subversivephotos/9696463949/sizes/m/in/pool-69148305@N00/