Presentation on theme: "Lumina’s big goal: To increase the proportion of Americans with high-quality degrees and credentials to 60 percent by the year 2025."— Presentation transcript:
Lumina’s big goal: To increase the proportion of Americans with high-quality degrees and credentials to 60 percent by the year 2025.
Percent of adults with a postsecondary degree 25-34, 35-44, 45-54, 55-64 Source: OECD Condition of Education 2009
54 52 50 48 46 44 42 40 38 36 34 32 30 28 26 24 22 Canada Japan Korea Massachusetts Minnesota North Dakota Connecticut/Colorado/New York New Jersey/Vermont/New Hampshire Illinois/Maryland/Nebraska Virginia/Iowa Wisconsin/RI/SD/WA Pennsylvania/Kansas/Delaware Hawaii Utah/Montana Michigan/North Carolina/Georgia Ohio/MO/OR/WY/CA/FL/ME Indiana Idaho/South Carolina/Arizona Texas/Alabama/Tennessee/Alaska Oklahoma Kentucky/New Mexico Mississippi/Louisiana West Virginia/Arkansas Nevada Ireland United States/Denmark/Sweden Finland/Spain UK/Netherlands Switzerland Greece Germany Mexico Luxembourg Poland Hungary/ New Zealand Norway France/Belgium/Australia Iceland Portugal US states 25 to 34 year olds
52 50 48 46 44 42 40 38 36 34 32 30 28 26 24 22 20 64 60 56 52 48 44 40 36 32 28 24 20 16 12 8 Coconino Maricopa Pima Cochise Yavapai/Greenlee Graham La Paz/Pinal Navajo Mohave Gila Apache/Yuma Santa Cruz Arizona counties 25 to 34 year olds Canada Japan Korea Ireland United States/Denmark/Sweden Finland/Spain UK/Netherlands Switzerland Greece Germany Mexico/Italy Luxembourg Poland Hungary New Zealand Norway France/Belgium/Australia Iceland Portugal Turkey Slovak Republic Czech Republic
Reaching 60% attainment by 2025 Graduates already in the workforce37,100,000 New graduates from immigration4,400,000 New graduates at current rates of production38,300,000 New graduates needed23,300,000 To reach a higher education attainment rate of 60% by 2025, the U.S. needs to increase the production of college graduates by 150,000 PER YEAR, EVERY YEAR
Are you buying any of this? 1.Not even a little bit. 2.Is there a reception after this session? 3.Interesting, but you gotta show me more. 4.Makes sense. 5.It’s about time you figured this out!
United States Canada Sweden Finland Norway Korea Ireland Spain Denmark Belgium Percentage of new entrants to the labor market that have completed higher education Source: OECD Education at a Glance 2007
Unemployment by level of education Source: Bureau of Labor Statistics, 2008
Percent of layoffs that are permanent Source: Bureau of Labor Statistics, CNBC
Education levels of auto mechanics Source: Georgetown University Center on Education and the Workforce 1968-19711988-19912004-2007 Less than High School58%29%19% High School Diploma34%52%47% Some College and Associate’s6%16%30% Bachelor’s or above1%3%4%
Federal Reserve Bank of Cleveland examined data from 1939 to 2004 to find out. These are the most important factors, in order: 1.Patents 2.Educational attainment 3.Industry diversification 4.Climate 5.Taxes 6.Infrastructure 7.Bank deposits What drives income growth in states?
Attainment in Arizona Less than ninth grade6.9% Ninth to 12 th grade, no diploma10.6% High school graduate22.9% Some college, no degree27.3% Associate’s degree7.6% Bachelor’s degree16.2% Graduate or professional degree8.5% Some college, no degree 706,039
Lumina believes that high-quality postsecondary credentials are an essential element in meeting the educational needs of a knowledge economy. Lumina defines high-quality credentials as degrees and certificates that have well-defined and transparent learning outcomes which provide clear pathways to further education and employment.
Do you think that a college education is necessary for a person to be successful in today’s work world? 1.Yes, college education is necessary. 2.No, there are many ways to succeed in today’s world without a college degree. 3.I don’t know.
Do you think that the vast majority of people who are qualified to go to college have the opportunity to do so, or do you think that there are people who are qualified but don’t have the opportunity? 1.Opportunity to do so 2.Don’t have the opportunity 3.Don’t know.
Qualified students have the opportunity to go to college College is necessary Source: Public Agenda and National Center for Public Policy and Higher Education