Presentation on theme: "The big goal: To increase the proportion of Americans with high-quality degrees and credentials to 60 percent by the year 2025."— Presentation transcript:
The big goal: To increase the proportion of Americans with high-quality degrees and credentials to 60 percent by the year 2025.
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.
Percent of adults with a postsecondary degree 25-34, 35-44, 45-54, Source: OECD Condition of Education 2009
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
Champaign McDonough McLean/Jackson DuPage Effingham/Tazewell Kendall/Monroe/Cook Livingston Bureau/Knox/Boone Franklin/Randolph/Vermillion Fulton/Jefferson/Iroquois Illinois counties 25 to 34 years old Canada Japan Korea Ireland United States/Denmark/Sweden Finland/Spain UK/Netherlands Switzerland Greece Germany Mexico Luxembourg Poland Hungary/ New Zealand Norway France/Belgium/Australia Iceland Portugal
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 produce 23 million new graduates by 2025, the U.S. needs to increase the production of college graduates each year by 150,000 more than the year before. Each year; every year.
Reaching 60% attainment in Illinois Current % of college graduates (25 to 64)40.8% Additional degrees needed to reach 60%1,274,000 Current annual production of degrees103,634 Annual increase needed9,367 Since 2000, Illinois average annual increase in degree production has been 4,990.
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
Income by level of education Source: US Census, Current Population Survey professional phd masters bachelors associate some college high school
Unemployment by level of education Source: US Census, Current Population Survey Recession of November 73 to March 75 High school dropout Bachelors Some college High school graduate Recession of January 80 to July 80 Recession of July 81 to November 82 Recession of July 90 to March 91 Recession of March 01 to November 01 Recession of December 07 to present
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 Less than High School58%29%19% High School Diploma34%52%47% Some College and Associates6%16%30% Bachelors or above1%3%4%
Between 2008 and 2018, new jobs in Illinois requiring postsecondary education and training will grow by 418,000 while jobs for high school graduates and dropouts will grow by 148,000. Between 2008 and 2018, Illinois will create 2 million job vacancies both from new jobs and from job openings due to retirement. 1.3 million of these job vacancies will be for those with postsecondary credentials, 530,000 for high school graduates and 203,000 for high school dropouts. 64% of all jobs in Illinois (4.4 million jobs) will require some postsecondary training beyond high school in Source: Help Wanted: Projections of Jobs and Education Requirements Through 2018 The Georgetown University Center on Education and the Workforce
In Illinois, 1,514,533 working-age adults have attended college but dont have a degree.
Qualified students have the opportunity to go to college College is necessary Source: Public Agenda and National Center for Public Policy and Higher Education