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IWNC NATIONAL LEADERSHIP FORUM THE FUTURE OF CTE: ONLINE & HYBRID EDUCATION Peter Ockerbloom Sr. Vice President, Client Management, Penn Foster September.

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Presentation on theme: "IWNC NATIONAL LEADERSHIP FORUM THE FUTURE OF CTE: ONLINE & HYBRID EDUCATION Peter Ockerbloom Sr. Vice President, Client Management, Penn Foster September."— Presentation transcript:

1 IWNC NATIONAL LEADERSHIP FORUM THE FUTURE OF CTE: ONLINE & HYBRID EDUCATION Peter Ockerbloom Sr. Vice President, Client Management, Penn Foster September 18, 2013

2 Massive Challenge: S KILLS G AP 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 Bureau of Labor Statistics

3 Finical burden 3 $150B PRIVATE LOANS $864B GOVERMENT LOANS 67% UNDER AGE OF 40 33% OVER AGE 40 Private For-Profit: $32,700 per graduate (96% have loans) Private For-Profit: $32,700 per graduate (96% have loans) Community College: $10,000 per graduate (13% take out loans) Community College: $10,000 per graduate (13% take out loans) Public Non-Profit: $20,000 per graduate (48% 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) 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 AmountAgeBalancesInstitution Massive Challenge: S TUDENT D EBT * not including loan deferment or forbearance, Federal Reserve Bank of New York, 2013

4 4 W HY HASN T CTE TAKEN HOLD ?: C AREER T ECHNICAL E DUCATION (CTE) I S B ROKEN N O COMMON DEFINITION E XPENSIVE N OT CONNECTED TO EMPLOYERS NEEDS

5 CTE BY THE NUMBERS 4-8% Federal (Perkins) $13B Vocational Total Spend 48M # of K-12 Students in US 1.8% vocational $13,728 vocational Cost Per Student $10, % higher State Department of Education

6 6 A CLOSER LOOK : W HAT S WRONG WITH CTE? Outdated Educational Delivery Models Does Not Meet the Needs of Individual Learners Complex and Inefficient Administrative Structure Perception: Low Skill, Low Wage Lack of Innovation #1 #2 #3 #4 #5 #6 Credentialing for Practical, Competency Based Education

7 7 A P ATH F ORWARD : O NLINE AND H YBRID L EARNING PEW/Elon University Study, July 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.

8 W HY H YBRID L EARNING L ESS E XPENSIVE : T RADITIONAL $10,560K student/year B LENDED $8.K student/year (+/- 15%)15.7% SAVINGS O NLINE $6.6K student/year (+/- 20%)39.4% SAVINGS Jan 2012 Fordham Foundation Report

9 W HY H YBRID L EARNING A M ODEL THAT W ORKS ( 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

10 W E OFFER MULTIPLE PATHWAYS FOR CTE

11 11 The original correspondence school, deeply rooted in the need to train Americans in the technical skills required to find jobs in their local area. P ENN F OSTER : C AREER T RAINING H ERITAGE Circa1890

12 P ENN F OSTER T ODAY : L EADER IN CAREER FOCUSED ONLINE AND HYBRID EDUCATION 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 Experience: Training partner to over 1000 corporations Low Cost High School Diploma $599; Career Certificates 70% less than market average. 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 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 Focus: high-growth industrial occupations: electrician, welder and HVAC technician & industries: utilities, manufacturing and construction Affordable Debt- Free Career Diplomas >$1000 College Degrees $79/credit Affordable Debt- Free Career Diplomas >$1000 College Degrees $79/credit Largest and oldest school for career preparedness with annual enrollments of 150K+ Experience: Training partner to over 1000 corporations Experience: Training partner to over 1000 corporations

13 13 WHERE WILL THESE WORKERS COME FROM?


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