Presentation on theme: "15 to Finish Q & A Dr. Chaudron Gille"— Presentation transcript:
1 15 to Finish Q & A Dr. Chaudron Gille Associate Vice President, University Affairs & Academic ServicesMs. Sheila CaldwellDirector, Complete College Georgia
2 Complete College Georgia “Any significant increase in the number of Georgians who complete college will require a historic new era of coordination between the state’s public and private colleges and the business community,” said Deal. “To have a successful future in Georgia, and remain competitive nationwide and globally, we have to have an educated workforce, and that means we need to do a better job getting people into college, make sure they receive a high-quality education and then graduate them.”Governor Deal Comments on CCG
3 Why CCG? By 2020, 61% of Jobs require certificate or degree 34% of Georgia Adults have an Associate Degree or Higher27% Skills GapChaudronNeed an additional 250,00 graduates by the year We must do something so jobs will not be outsourced. We also want to enable Georgia and citizens to compete in the local, national and global economy.
4 How We Can Help Close the Gap CCG? AdviseEducateEncourageWhat can faculty and staff do?
5 Georgia 15 to Finish Video This video can help us advise, educate, and encourage. The video has been viewed by middle, high, and college students during orientations
6 Why 15 to Finish? Too few students make it through Drop-outs costs billions annuallySpend less on college degreeHigher Earnings in WorkforcePerformance Based Funding
7 Too Few Make it Through Sheila Out of 100 students – 5 graduate on time from 2 year and 11 graduate on time from 4 year. That translates into 10% for 2 year and 25% for four year that will graduate on time. It is urgent that we reverse the PT trend.
8 College Dropout Consequences Higher UnemploymentLower Median IncomeHigher Loan Default RatesChaudronEducation Sector – Degreeless in Debt: What Happens to Borrowers who Drop OutIn 2009, the unemployment rate for borrowers who dropped out was 10 percentage points higher than that for borrowers who graduated:In 2009,the median income for borrowers who dropped out was $25,000, compared to $30,000 for borrowers who graduatedBorrowers who dropped out were more than four times more likely than borrowers who graduated to default on their loans: 16.8 percent versus 3.7 percent
9 Higher Unemployment6 Months of Unemployment = $45,000 behind in lifetime earningsUnemployment costs the government $9,900 per year for 25 – 34 year-oldThe US loses $25 Billion AnnuallySource – The Young Invincibles
10 Billions lost in State Funding SheilaSource – American Institute of ResearchLosing billions in state funding – Direct loss for the state with no return on investment – many of these students will also borrow – cannot pay back and they are not earning high wages – which in turn can fuel the economy with purchasing power and tax generation.
11 College Completion Benefits Learn More, Save MoreQuicker Entry in WorkforceHigher WagesIf we do not help them go through quicker, they are less likely to graduate.Learn More (Higher GPA’s and lower college costs)In the workforce or graduate school1 year = an additional $10,000 - $20,000 annually
12 Learn More, Save More Sheila Need to change the culture and get high school students on track to be ft students and pt employees.
13 Learn More, Save More Sheila Need to change the culture and get high school students on track to be ft students and pt employees.
14 The Outcome is Income Sheila College can help escape snares of poverty. 58% of students are on free/reduced lunch. They need to break the poverty cycle by using education as their escape plan. College graduates are also more likely to have job satisfaction – make the transition to the road maps and careersSpeak to how this is specific for guys
15 Higher Hourly WagesUNG Bachelor Degree Holders earn an average of $18.00 per hour compared to HS Graduates who earn $8.00 per hour.
16 Higher Annual Incomes2–Year Degree holders earn an average of $9,400 more annually than high school graduates.4-Year Degree holders earn an average of $21,100 more annually than high school graduates.
17 Higher Lifetime Earnings Sheila1) The U.S. Census Bureau reports that lifetime earnings soar with an education. The Big Payoff Report reveals that over an adult’s working life, college graduates with a bachelor’s degree can expect, on average, to earn $1,000,000 more than high school graduates. Ask them, how many of you could use an extra million ? Everyone raises their hand, including me and the teachers. Now they have a million reasons to go to college because that is what a college degree can do for you.
19 Performance Based Funding GraduationProgressionRetentionChaudron2016 – Georgia will adopt a version of the Pay for Performance model
20 15 to Finish Challenges Changing the Culture Couse Availability HOPE Chaudron
21 Changing the Culture Parent Nights High Schools 3,000 Middle Schools 800Counseling Events15 to Finish Video1,500Community EventsSheila22 High SchoolsWhen they are in middle school you are training them. In high school you are changing their mind.
22 Enhanced Employment Benefits Mention multiple ways to achieve 30 credits within a yearMention advanced scheduling
27 References Brookings Institution, The Hamilton Project, 2013 College Board, Education Pays, 2013Georgetown University, The College Payoff, 2011U.S. Bureau of Labor Statistics, 2013Young Invincibles, Closing the Race Gap, 2014Chaudron & Sheila