apc colleges white paper
TRANSCRIPT
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Proprietary
CollegesBelieve.Achieve.
Succeed.
Prepared by The Association of Proprietary Colleges
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The Association of Proprietary Colleges
Table of Contents
Introductions
NewYorksWorkForceSolution
ImprovingAccesstoHigherEducation
NewYorksEconomicWorkhorse
APCCollegesAcrossNewYork
Footnotes
i
1-2
3-6
7-11
12-15
16
17
Association of Proprietary Colleges121 State Street, Albany, NY 12207
Tel: 518.437.1867 Fax: 518.437.1048
Email: [email protected]: www.apc-colleges.org
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The Association of Proprietary Colleges 1
Introductions
A Message from the President
AsPresidentotheAssociation
oProprietaryColleges(APC)anorganizationthatrepresents26degree-grantingproprietarycollegeson36campuses,serving50,000studentsinNewYorkState,Iamproudtoleadagroupthatisdedicatedtoimprovingourstateseconomythrougheducation.
Thisreportexplainswho
weareandwhatwedo.Ourrolebeginswithasustaining
mission:Proprietarycollegesexisttoprovidestudentswhoneedordesireaocusedentrypointintotheworkorceaclearpathtothatgoal.Inademanddriveneconomy,whereemployerscravejobapplicantstrainedorspecicemploymentunctions,studentschoosecollegesthatcansharplypivottomeetthoseneeds.Weexist,quitesimply,toeducatestudentsorthejobsthatareavailabletodayandwillbetomorrow.
Ourmissionalsoistolistencareullytowhatemployersneedandplanaccordinglysothatbothtraditionalandnon-traditionalstudentscanbestgainthecareerskillstheyneedtoachievetheullpromiseoAmericanlie.
Toulllthismissionrequiresacommitmenttoqualityeducation.Weknowtherearenoshortcutsorourstudentsacademicsuccess.Thatiswhywenowoerdegreesrangingromassociatedegreesthroughdoctoraldegrees.
Studentschooseproprietarycollegesbecausetheyoerexibleschedules,smallerclasssizes,acultywithrealworldexperienceandremediationwherenecessary.APCCollegeshavealaser-likeocusoncareerplacement,meetingthedemandso
anever-changingmarketplace.Wehavebecomeanadapter,connectingstudentstotheactualskillsneededtolaunchcareersinournewlyat
economicworld.
Consequently,wellavitalnicheamongtheoursectorsohighereducation.Eachotheoursectorsservesasustainingroleenrichingopportunitybymeldingacollegeeducationtostudentaspirations.Fromthisdiversestructureohighereducationcomesanacademicstrengththatenhancesourstateseconomicdevelopmentprospectsduringthistryingtimeoscaltravail.
Weoperateonasimpleeducationalmodelthatholds:Iwedeliveraproductpeoplewantinourcase,anemployablegraduatewestayinbusiness.Ourinstitutionshavebeenatthismissionoraverylongtime,somegoingbackto1854.Outothiscontinuitycomesanenduringcommitmenttoourstudentsandourcommunities.
Therecenttraumasaictingournationaleconomymakethismissionnotjustimportant,butessentialEssentialnotjustorourinstitutionsandour
students,butorourstateandournation.
Wearearesh,excitingandgrowingactoradvancingNewYorksconstellationohighereducationopportunities.
StephenJ.JeromePresident,MonroeCollege
StephenJ.Jerome,
President,
APCColleges,
MonroeCollege
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The Association of Proprietary Colleges2
Introductions
About the Association of ProprietaryColleges (APC)
APCCollegesempowerstudentstoBelieve,Achieve,Succeed.
APCisoneoNewYorksoursectorsohighereducation,representing50,000studentspursuingassociate,bachelors,masters,anddoctoraldegrees.Withsmallclasssizes,exibleprogramsandcareer-ocusedinstruction,APCCollegesconnectstudentstomeaninguljobsinavarietyotraditionalandemergingproessions.
Frombusinessadministrationtocomputerprogramming,healthcaretovisualarts,APCstudentshaveaccesstotheup-to-datecurriculumandthepracticalskillsandeducationtheyneedtosucceedintodayscompetitiveworkplace.
WeenjoycloserelationshipswithNewYorksbusinesscommunitybecauseweprovideemployablegraduateswhoareeducatedtomakeimmediateandvaluablecontributionsintheworkorce.Ourcollegeshavesomeothebestjobplacementratesashighas98percentamongallNewYorkcolleges.
Asthisreportshows,APCmembercollegesaretaxpayinginstitutionsthatreceivenodirectstatenancialassistance,investmillionsodollarsannuallyincapitalimprovements,employthousandsoNewYorkersandaccountormillionsodollarsineconomicimpactintheircommunities.APCCollegesprovidemillionsodollarsinannualscholarships,positivelyimpactingincome-qualiedstudentsandtheiramilies.
Inaddition,comparedtotheothersectorsohighereducation,APCCollegesarethemostraciallydiverseandservethelargestpercentageonanciallyneedystudents,increasingthequalityotheirlivesastheybecomeproductivecitizens.
Theproprietarysectorcontinuestobetheastestgrowingdegree-grantingsectorinthestate.Asyouwillreadinthisreport,enrollmenthasnearlydoubledsince1980,andthestateprojectsuturegrowthtooutpacetheotherthreesectorsohighereducation.
ThehallmarkoanAPCCollegeisinthewayittreatsitsstudents.Fromthehands-oneducationbyeld-qualiedaculty,tothesmallclasssizesandgenerousgrantprograms,totheextensivecareercounselingandplacementservices,APCCollegespreparestudentsorulllingcareers.
A Proud Tradition
In1978,thevepresidentsoAlbanyBusinessCollege,MonroeCollege,RochesterBusinessInstitute,UticaSchooloCommerceandtheWoodSchoolormedtheAssociationoPrivateDegreeGrantingInstitutionsthroughincorporationbytheNewYorkStateBoardoRegents.Thesecollegeleaderssuccessullyarguedthattheirinstitutionswereno
dierentthanothercollegesandthereoreshouldhavetheauthoritytoawarddegrees.
ThehistoryoproprietarycollegesinNewYorkisrichanddeep,anditgoesmuchurtherbackthanthecreationothisassociation.BryantandStrattonCollege,whichwasoundedin1854,JamestownBusinessCollege(1886),andUticaSchooloCommerce(1896)arestilloperatingsuccessully.Manyotherproprietary
institutionscametobeinthersthalothe20thcentury;TheCollegeoWestchesterwasoundedin1915,BerkeleyCollege(1931),MonroeCollege(1933)andManhattan-basedLIM(1939).APCCollegeshavedeepandsolid
rootsinNewYorkState.
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The Association of Proprietary Colleges
New Yorks Work Force Solution
3
APCCollegesarestructuredtorecognizeandadjusttotrendsintheworkorce.Asindustriesemerge,weworkwiththebusinesscommunitytomakesureweareeducatingthenextgenerationoproessionals.Ourbusinessmodelisespeciallyrelevantintimesoeconomicturmoilandtremendousjobloss.Whilesomanyareocusedoncuttingcosts,includingjobs,APCCollegesareocusedonllingthejobsthatarebeingcreated.
Asaresult,APCCollegeshavebecomeamajor
actorinthestateseortstodevelopahighqualityandsustainableworkorce.
APCCollegesarepartotheWorkForceSolutionbecauseourstudentscompletetheirstudyullypreparedtojointheworkorce,makingthemvery
6%
20%
22%
18%
30%
22%
14%
24% 23%
67%
57%
SUNY CUNY Independent Proprietary
Associate Bachelor's Master's
30%
Five-Year Growth, Percentage of Degrees Awarded,
by Sector, 2001-02 through 2006-071
attractiveprospectstoemployers.OurcollegesdevelopdegreeprogramsthatmeetandexceedregionalaccreditationandStateBoardoRegentsstandardswhilemeetingtheneedsobusinesses
andstudents.
NewYorkStateEducationDepartmentdatashowstheproprietarysectorisexperiencingstrongandsustainedgrowthindegrees
awarded,duetoconvenientlocations,atargetedcurriculumandexibilityoschedules.Highplacementratesmeanthesegraduatesentertheworkorceimmediately,becomingpartotheWorkForceSolution.Inparticular,thegrowthothemastersandbachelorsdegreeprograms,asshownbelow,istestamenttothesectorsabilitytoadjusttothedemandsobusinessandindustry.
The growth of the masters andbachelors degree programs is
testament to the sectors ability toadjust to the demands of business
and industry.
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The Association of Proprietary Colleges4
New Yorks Work Force Solution
Associate Degree Graduation Rate at Institutions
First Entered, Within Three Years, 2006
25%
11%
39%
28%
24%
SUNY CUNY Independent Proprietary State Average
Source: New York State Education Department using National Center for Educational Statistics (IPEDS) data.
APC Colleges adjust curriculum in
consideration of industry and employer
needs, as well as employment growth
trends. More than 18,000 jobs open up
annually in New York in the following
professions: Accounting and Financial
Management; Business Management and
Administration; Computer Software and
Systems; and Computer Information Systems
Management. APC Colleges offer degrees in
these and other high-growth job markets.1
APC FAST FACT
Whiletherehasbeenanincreaseinbachelorsandmastersdegreesawardedbyproprietarycolleges,thesectorhaslongbeensuccessulinawardingassociatedegrees.Asshownbelow,the
proprietarysectorsgraduationrateorassociatedegreesisourpercentagepointshigherthanthestateaverage,andsecondamongtheoursectors.
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The Association of Proprietary Colleges
New Yorks Work Force Solution
5
MeetingtheNeedsofStudentsandBusinesses
AcornerstoneoAPCCollegesisthecareerservicestheyprovidetostudents.
Bryant&StrattonCollege,whichhaseightcampusesinourupstatemarkets,hasullystaedcareerservicesdepartmentsineachmarket.Thedepartmentplacesstudentsininternshipsandull-timepositionswithtopemployersthroughoutNewYork,ensuringthatstudentssupplementtheirclasstimewithhands-oncareerexperiences.
LikeotherAPCColleges,Bryant&Strattonenlistslocalbusinessleadersandproessionalstoserveonadvisoryboards.Theseboardshelpshapecurriculumtomeettheneedsobusinesses.InSyracusealone,Bryant&StrattonhasadvisoryboardsortheBusiness,GraphicDesignandMedicalAssistingdegreeprograms.Graduatesarehiredbysomeothestatesmostrespectedbusinesses,includingAlbanyMolecularResearch,RensselaerPolytechnicInstitute,M&TBankandStrongMemorialHospital,tonameaew.
TheCollegeoWestchesterhasacareerservicesstrategythatleadstohighplacementratesaswell.Othe243studentswhograduatedwithassociatedegreeslastJune,95percentoundjobswithinsixmonths.
AttheLaboratoryInstituteoMerchandising(LIM),studentscompletethreerequiredinternshipswithsomeothebiggestnamesinashionmerchandisingandretail,suchasTommyHilger,Gucci,DKNY/DonnaKaranIntl.,GiorgioArmani,Macys,KennethColeandRalphLauren.LIMcontinuestoproducehighqualitygraduates,morethan90percentowhomlaunchcareerswithNewYorksashiongiantswithinsixmonthsograduation.Thecalibero(LIM)studentsisarsuperiortotheotherschoolsIveworkedwith,saidGucciHumanResourcesManager,LoriStrober-Lewin.
Becauseothecareer-speciccurriculumatAPCColleges,studentsentertheworkorceabletoquicklyadapt.MariaCruz,ofcemanagerattheNYUHospitalorJointDiseases,reportedthatourohersevenstamembersaregraduatesotheMandlSchoolinManhattan.With29physiciansinabusyorthopedicspractice,itsimportanttohavewell-trainedmedicalassistants.TheresumesIwasreceivingromothersourceswereinadequate,Cruzsaid.ButoverthepasttwoyearsIvehiredMandlgraduates.Itsbeenagreatrelationship.Mandlstudentsaretrainedverywell.
OneofaKind
APCCollegesareknowntoquicklychange
curriculuminresponsetothedemandsoevolvingindustries.Acaseinpoint:Intheheart
oNewYorkCity,theLaboratoryInstituteo
Merchandising(LIM)isalreadyuniqueamongUnitedStatescollegesanduniversitiesinthatits
missionandocusisonthestudyobusinessand
ashion.Inurthertestamenttoitseducationalvision,LIMhasnowestablishedamasters
degreeinbusinessadministration(MBA),with
concentrationsinFashionManagementandEntrepreneurship.TheLIMMBAistheonly
programoitskindintheUnitedStatesandoneoahandulosuchprogramsworldwide.
ThroughoutNewYork,APCCollegesaredistinguishingthemselvesorqualityand
innovation.Forveconsecutiveyears,students
romMonroeCollegeintheBronxhavewontheregionalcompetitionandadvancedtothe
nationalnalsintheprestigious.Studentsin
FreeEnterprise(SIFE)competition,inwhich
studentsapplywhatislearnedintheclassroomtoimprovingcommunities.Inonesuchproject,
CupidinBusiness,studentsprovidedwomeninshelterswithmotivationalskills,vocational
trainingandnancialliteracy.In2005,MonroestudentswonthenationalSIFEcompetition.
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The Association of Proprietary Colleges6
New Yorks Work Force Solution
Changing Work Force Needs: The Projected Percentage
Employment Growth in the U.S. from 2004 to 2014 by
Level of Education Required2
ABureauoLaborStatisticsstudyshowedthathighskilljobsrequiringadvancededucationwillmakeupnearlyhaloalljobgrowthinthe
UnitedStates.Thisisanindicationthatthenationiscontinuingtoshitrommanuacturingandarmingjobstowardaservice-andinormation-basedeconomy.Italsoshowsthatahighschooldiplomaisnolongerapassporttosuccessgiventodayseconomictrends.
Betweennowand2014,jobsrequiringatleastanassociatedegreewillincreaseataasterratethanthosejobsthatrequireon-the-jobtraining,
indicatingthathighereducationiskeytondingajobthatpaysalivingwage.2
11.4%
8.5%
8.7%
9.6%
17.7%
19.6%
16.6%
18.8%
30.8%
19%
25.1%
0% 5% 10% 15% 20% 25% 30% 35%
Professional Degree
Doctorate Degree
Masters Degree
Postsecondary Plus Work Experience
Bachelor's Degree
Associate Degree
Postsecondary Vocational Award
Work Experience in Related Occupation(No Formal Award)
Long Term On the Job Training(No Formal Award)
Moderate On The Job Training(No Formal Award)
Short Term On The Job Training(No Formal Award)
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The Association of Proprietary Colleges 7
Improving Access toHigher Education
Percent of Race/Ethnicity Full-Time Enrollment,
2007, 2- and 4-Year Institutions Combined3
15%
48%
15%
51%
Black and Hispanic Students
SUNY CUNY Independent Proprietary
Duringthistimeoscaluncertainty,improving
accesstohighereducationhasneverbeenmoreimportant.ByincreasingaccessormoreNewYorkers,wewillbeabletoprovideawell-educatedworkorcecapableorebuildingNewYorkseconomy.
BusinesseswillbemorewillingtobringjobsbacktothestateandkeepthemherewhenNewYorkcansteadilyprovideahigh-qualitysupplyowell-educatedproessionals.
ProvidingaccesstotheminoritycommunityisanareainwhichAPCCollegesexcel.Othe50,000studentscurrentlyenrolledatAPCCollegesannually,morethanhal51percentareblackor
Hispanic,comparedto48percentorCUNYand15
percenteachorSUNYandindependentcolleges.Minoritystudentshavehistoricallyselectedproprietarycollegesovertheothersectorsohighereducation.
APCCollegesrecognizethechallengebroughtonbylowgraduationratesandhavedevelopedamodeldesignedtohelpstudentsthriveandgraduate.Thisincludesremedialprograms,whichhelpstudentsacclimatetothepaceanddemandsocollegestudy;smallclasssizes,whichprovides
amoreattentivelearningenvironment;andinternshipprograms,whichenergizestudentsbyputtingtheminrealworksettings.
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Minoritystudentsareearningassociatedegrees
romtheproprietarysectoratahigherratethanminoritystudentsinothersectors.NewYorkseconomybecomesmoreinvigoratedasmore
traditionallylow-incomeresidentsearncollege
degreesandjointheworkorcewithsalariesthatarehigherthanthoseonon-collegegraduates.
15%
9%
22%
26%
SUNY CUNY Independent Proprietary
Graduation Rates for Black and Hispanic Students
by Sector, Associate Degrees Earned Within
Three Years of Enrollment, 20064
Improving Access toHigher Education
The Association of Proprietary Colleges8
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Improving Access toHigher Education
StudentsattendingAPCCollegesaremorediverse
andnanciallyneedythanstudentsromothersectors,andtheymustsecureundsrombothNewYorksTuitionAssistanceProgramandtheederalPellgrantprograminordertoattendcollege.
Amajorityoourstudents,especiallythosewhoattendAPCsurbancolleges,wouldnothaveaccesstothetypesoeducationoeredbyourcolleges,wereitnotorthegrantsandscholarshipsavailable.Inact,whilelow-interest
loansareavailabletocollegestudents,manystudentsintheproprietarysectordonotqualiy
orloansbecauseosocioeconomicactors.
Withoutgrants,collegeissimplynotanoption.
Additionally,manystudentsenteringcollegetodayarenotpreparedortherigorsostudyandrequiresomeleveloremediationtosucceed.APCCollegeshavedevelopedhighlyeectiveremediaprogramsthathaveresultedingraduationratesonparorbetterthanothersectorsandbetterthanthestateaverage.
Manychoosetocoverproessionaltopicssuchas
etiquette,wardrobeandethics,alongwithbasicstudy,mathandlanguageartsskills,allowhichareinadditiontotheirrequiredcollegecourses.
43%
27%
38%
32%
26%
58%59%
SUNY CUNY Independent Proprietary
TAP Pell
45%
Percent of Undergraduate Students Receiving Financial Aid
Grants in 2004-05, 4-Year Institutions3
The Association of Proprietary Colleges 9
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Improving Access toHigher Education
Percent of Undergraduate Students Receiving Financial Aid
Grants in 2004-05, 2-Year Institutions3
33%
23%
38%41%
50%
46%
64%
91%
SUNY CUNY Independent Proprietary
TAP Pell
The Association of Proprietary Colleges10
DianaSilva,23,didnotollowthetraditionalpaththroughhighschooland
college.ButnoneothatwillmatterbyAugust2009whenshegraduatesromMonroeCollegeandbeginshercareerwithamajorinternationaloodingredientmaker.Shehaslinedupajoborthedayatershegraduates.
Ms.SilvawasdrawntoMonroeCollegetwoyearsagobecauseoitsspecic
careereducation,scheduleexibilityandaccesstocareercounselingandtuitiongrants.ShecreditsthestatesTuitionAssistanceProgramwithmakingcollegeaordabletoher.TAPwasahugehelp,shesaid.Itreallymadethedierence.
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Students Are Choosing Proprietary
Colleges
Theproprietarysectorhasundergonetremendousenrollmentgrowthinthepast28years,accordingtotheStateEducationDepartment.Ashighlightedbelow,enrollmentintheproprietarysectorhasnearlydoubledsince1980,dramaticallyoutpacingthegrowthotheothersectorsohighereducation.
Theproprietarysectorisalsooutpacingother
sectorsohighereducationinbothprojectedgrowthandpercentoenrollmentincreaseorour-yearinstitutions.Thesetrendsclearlyindicateanincreasingdemandbyincomingstudentsoracareer-orientededucation.
Similarly,thestateprojectsahigherpercentageostudentswilloptorproprietarysectorcollegesinthecomingyearsovertheothersectorsohighereducation.
Improving Access toHigher Education
Percent of Enrollment Increase,
by Sector, 1980-2008
SUNY CUNY Independent Proprietary
15%
20%
14%
61%
Percent of Enrollment Increase for
4-Year Institutions, by Sector,1998-2008
Source: http://www.highered.nysed.gov/oris/counts/finalenr/06/rpt.pdf
Projected Growth for Full- and Part-
Time Degree-Credit Enrollment,by Sector, 2003 to 2013
SUNY CUNY Independent Proprietary
8.6%
4.3%
6.3%
8.9%
17%
40%
15%
97%
SUNY CUNY Independent Proprietary
SeeChartonBottomLet
SeeChartonBottomRight
SeeChartonRight
The Association of Proprietary Colleges 11
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New Yorks Economic Workhorse
ProprietarycollegesarestrongnancialenginesorNewYorkState.Whilenonprot,independentcollegesaretaxexemptandreceiveastatesubsidy,APCCollegesaretaxpayingbusinessesthatreceivenodirectstateaid.Theyrepresentasubstantialsavingstotaxpayers.
InNewYork,asurveyoAPCmembercollegesshowedasignicantcontributiontoNewYorkseconomy,including$41millionincapitalinvestmentsoverthepastveyearsalone.Inaddition,APCCollegespaidmorethan$130millioninpayrollin2007andonaveragedisbursemorethan$15millionannuallyinscholarshipstostudentsinneed.
ThestructureoAPCCollegesprovideanenvironmentorstudentsuccess.Whenstudentsaresuccessul,theygraduatewithjobsandbecomecontributorstoNewYorkseconomic
engine.Researchshowsthatindividualswithhigherlevelsoeducationarelesslikelythanotherstoliveinhouseholdsthatparticipateinsocialprograms.5StudentswhoattendAPCColleges,manyowhomareromlow-incomeamilies,haveachancetobreakawayromgovernmentsubsidizedsocialprogramssimplybycompletingcollegewithaneducationleadingtomeaningulemployment.
The Impact of Higher Education
AccordingtoananalysisotheOrganizationorEconomicCooperationandDevelopment
data,theU.S.decitindegreeattainmentposesaseriousthreattothenationseconomicwell-being.Otherhighlycompetitivenationsareimprovingthequalityotheeducationtheyprovidetheiryoungpeople,whilealsoradicallyincreasingthecapacityothesystemsthatservethem.ThesenationshaveovertakentheUnitedStateslong-timepositionastheworldleaderindegreeproductionrelativetopopulationasawhole.2Whileestimatesvary,American
universitiesawardabout18degreesorevery100ull-timestudentsenrolled.Theleadingnations(Japan,Portugal,andtheUnitedKingdom)awardabout25degreesper100students.Thesenationsareexperiencingmorepositivereturnsontheirinvestmentsinhighereducation.2
Accelerated Study Works forStudents
StudentswhoattendAPCCollegesareabletodosoyear-round,thankstoinnovativeacceleratedstudyprogramsavailableprimarilyintheproprietarysector.Acceleratedstudyprovidesstudentswithaastertracktotheworkorcebecauseyear-roundstudyenablesthemtoearnanassociatedegreeinayearandahalandabachelorsdegreeinthreeyears.
OneexampleoasuccessulacceleratedstudyprogramisatPlazaCollegeinQueens,whichhasdevelopedprogramsthathelpreducedropoutratesandacceleratecompletion,saidCharlesE.Callahan,vicepresident.Byoeringclassesthroughouttheyear,studentscanenjoyuninterruptedstudy,yieldinghighergraduationrates.
Overthepastseveralyears,PlazaCollegehasrecordedjobplacementrateso91percent.
Thismeanswell-educatedNewYorkersaregainingaccesstotheworkorceaster.AndbecausethemajorityoAPCgraduatesremaininNewYork,theircontributionstotheNewYorkeconomyaredirectlyreectedindisposableincome,goodsandservicespurchased,taxespaidandmanyothermultipliers.
The Association of Proprietary Colleges12
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New Yorks Economic Workhorse
Median Earnings and Tax Payments of Full-Time Year RoundWorkers Ages 25 and Older, by Education Level, 20055
$74,500 $25,500
$59,500 $19,900
$46,600 $14,700
$39,000 $11,900
$31,500 $9,100
$29,000 $8,100
$24,900 $6,600
$18,800 $4,600
$0 $10,000 $20,000 $30,000 $40,000 $50,000 $60,000 $70,000 $80,000 $90,000 $100,000
Professional Degree
Doctoral Degree
Master's Degree
Bachelor's Degree
Associate Degree
Some College, No Degree
High School Graduate
Not a High School Graduate
After Tax Income Taxes Paid
Total: $23,400
Total: $31,500
Total: $37,100
Total: $40,600
Total: $50,900
Total: $61,300
Total: $79,400
Total: $100,000
Proprietarycollegesdonotjustbenetstudentsandbusinesses;theyaregoodorNewYork.AccordingtoaNewYorkStateEconomicDevelopmentCorp.report,thereareopportunitiesorassociatedegreegraduatestoearnupwardso$50,000annuallycomingoutocollege.6
These
jobsaremorethanjustapaychecktoindividualsandamilies.Theybringhealthinsurance,pensionplansandotherbenetsthatmanymayhavereceivedromthegovernmentbeorenishingcollege.
Asshowninthechartbelow,collegegraduates,nationally,payanaverageo$10,500intaxeseachyearcomparedto$6,600paidannuallybythosewithoutacollegeeducation.Federalandstatenancialaidisaninvestmentintheuturethatisquicklyrepaidbyrecipients.
GraduatesoAPCCollegesmakealastingeconomicimpact.AstudybytheCollegeBoard
notedthatthetypicalbachelorsdegreerecipientcanexpecttoearnabout61percentmoreovera40-yearworkingliethanatypicalhighschoolgraduateearnsoverthesameperiod.Thestudyalsoshowedthathigherlevelsoeducationcorrespondtolowerunemploymentandpovertyrates,reducingthecostosocialprograms.Additionally,theearningsoworkerswithlowereducationlevelsarepositivelyaectedbythepresenceocollegegraduatesintheworkorce.5
Moreover,acollegegraduateworkingull-timeyear-roundpaidalmost80percentmoreinederastateandlocaltaxesthanatypicalhighschoolgraduate.7
Simplystated,grantprogramssuchasTAParenotonlyinvestmentsinstudents,theyareinvestmentsintheutureoNewYork.
The Association of Proprietary Colleges 13
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Percentage of Individuals Ages 25 and Older Livingin Households That Participated in Public Assistance
Programs, by Education Level, 20055
34%
19%
15%
12%
6%
17%
8%
6%5%
1%
14%
6%5%
4% 1%
Medicaid School Lunch Food Stamps
Not A High School Graduate High School Graduate Some College, No Degree
Associate Degree Bachelor's Degree or Higher
The Association of Proprietary Colleges14
New Yorks Economic Workhorse
TheroleAPCCollegeswillhaveinNewYorksutureeconomicsuccesshasneverbeenmorerelevantthannowgiventhestatescurrenteconomiccrisis.Asnewbusinesssectorssuchasnanotechnology,bioinormaticsandcleantechemergeandgrow,ourcollegeswillbeabletodevelopeducationalprogramsthatwillproducetheworkersneededatalllevels.
Between1990and2005,NewYorklostandreplacedapproximately380,000jobs.Thoselostjobswereprimarilyintheprivatemanuacturingsectorandhadaweightedaveragesalaryo$61,796.Theywerereplacedwithlowerwagepositionsinthepublicandpublicly-subsidized
privatesectorsthatpaidanaverageweightedsalaryoonly$45,905,alossoabout25percent.6
ForNewYorktobesuccessulreversingthistrend,itmusteducatestudentstolljobsintheseemergingindustries,aswellasexistingindustriesthatmustalwaysstrivetokeeppacewithchangingtechnologies.
AndNewYorkmustnotlimititseltocollege-agestudentsbecausethetypicalcollegereshmanisnotlimitedtorecenthighschoolgraduates.Youngpeoplewhowouldnothaveconsideredcollegeinthepast,adultswhohaveneverbeentocollegeandworkingpeoplelookingtoimprovetheircircumstancesareenrollingatAPCCollegesinsearchoaneducationthatwillleadtothesenew,higherpayingjobs.
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New Yorks Economic Workhorse
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$40,
800
$50,
100
Asian Male Black Female Black Male Hispanic Female Hispanic Male White Female White Male
Not A High School Degree High School Degree Some College, No Degree
Associate Degree Bachelor's Degree Master's Degree Or Higher
Median Earnings of Full-time, Year-round Workers
Ages 25 to 34, by Race/Ethnicity,
Gender and Education Level, 20055
StudentsattendingAPCCollegescanchooserommorethan60undergraduateandgraduateprograms.ManyremaininNewYorkollowinggraduationandcontributetothestateseconomy.Asthechartaboveshows,earningpotentialcorrelatesdirectlywitheducationlevel.Themore
advancedthedegree,thehigherthepay.ThedierenceinearningslevelsisespeciallymarkedinHispanicemales,whosemedianincomewithoutahighschooldiplomais$16,000.Withanassociatedegree,theirincomenearlydoublesto$30,800.
The Association of Proprietary Colleges 15
APCCollegeslooksorwardtoworkingwiththestatesExecutiveandLegislativebranches,aswellastheStateBoardoRegents,theStateEducationDepartment,theothersectorsohighereducationandthebusinesscommunity
toensurethateducationremainsatoplegislativepriorityandabrightlightinstateseconomicrecovery.Toviewthisreportonline,visitwww.apc-colleges.org.
To Conclude
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The Art Institute of New York City 1Berkeley College 2Briarcliffe College 3 & 4Bryant & Stratton College 5-12Business Informatics Center 13
The College Of Westchester 14DeVry Institute of Technology 15Elmira Business Institute 16 & 17Everest Institute 18Five Towns College 19Island Drafting & Technical Institute 20ITT Technical Institute 21Jamestown Business College 22
Laboratory Institute of Merchandising 23Long Island Business Institute 24 & 25Mandl School 26Monroe College 27 & 28New York Career Institute 29
Olean Business Institute 30Plaza College 31School of Visual Arts 32Simmons Institute of Funeral Service, Inc. 33Technical Career Institutes, Inc. 34USC - The Business College 35Wood Tobe-Coburn 36
2, 14
3 4
5, 2167
89
20New York City Area:1, 15, 24, 23, 25, 26,
27, 29, 31, 32, 34, 36
19
35
11
1012, 33
13
16 17
18
22
24
28
30
APC Colleges Across New York
The Association of Proprietary Colleges16
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Footnotes
The Association of Proprietary Colleges 17
1.NewYorkStateEducationDepartmentOfceoHigherEducation,OfceoResearchandInormationSystems(ORIS),2009.
2.HittingHome:Quality,CostandAccessChallengesConrontingHigherEducationTodaybyTravisReindl,programdirectororJobsortheFutureonbehaloMakingOpportunityAordable,supportedbyLuminaFoundationorEducation,March2007(http://www.j.org/JFF_KC_Pages.php?KC_M_ID=321&WhichLevel=1&lv1_id=4&lv2_id=0&lv3_id=0).Sourcedata:U.S.BureauoLaborStatistics.
3.AReviewoHigherEducationDataComparisonotheFourSectorsoHigherEducation,NYSEducationDepartment,February2009.
4.NewYorkStateEducationDepartment,2006,http://www.highered.nysed.gov/oris/gradrates/bysector/assocpage1b.htm
5.EducationPaysTheBenetsoHigherEducationonIndividualsandSociety,preparedortheCollegeBoardbySandyBaumandJennierMa,2007(http://www.collegeboard.com/prod_downloads/about/news_ino/trends/ed_pays_2007.pd)6.DeliveringonthePromiseoNewYorkState:AStrategyorEconomicGrowthandRevitalization,preparedortheEmpireStateDevelopmentCorporationbyATKearney,2007(http://www.nylovesbiz.com/pd/atkearneyreport2007.pd)
7.NewYorkStateDepartmentoLabor,DivisionoResearchandStatistics(http://www.labor.state.ny.us/workorceindustrydata/index.asp)
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Association of Proprietary Colleges
121 State Street, Albany, NY 12207Tel: 518.437.1867 Fax: 518.437.1048
Email: [email protected] b it ll