COLLEGE CHANGES EVERYTHING:IT REALLY DOES!!

October 5, 2012

Haley GloverDirector, Convening StrategyLumina Foundation

Goal 2025:

To increase the proportion of Americans with high-quality degrees and credentials to 60 percent by the year 2025.

The land of opportunity?

Children will have better lives than their parents?

6-Year Graduation Rates at 4-Year Colleges and Universities: 2009

Overall Average: 57%

Source: IPEDS First Look: Enrollment in Postsecondary Institutions, Fall 2009; Graduation rates 2003 and 2006 cohorts

3-Year Graduation Rates at 2-Year Colleges

Source: NCES (April 2010). IPEDS First Look: Enrollment in Postsecondary Institutions, Fall 2009; Graduation rates 2002 and 2005 cohorts

Overall Average: 32.4%

BA Rate by Age 24

20101970

Source: Postsecondary Education Opportunity, “Bachelor’s Degree Attainment by Age 24 by Family Income Quartiles, 1970-2009”

The top income quartile hold more than half of all Bachelor’s degrees—the lowest quartile hold only 9.4% of Bachelor’s degrees.

Percentage of Adults 25-64 with Associate’s Degree or Higher

US Ranks 4th

Source: Education at a Glance 2011: OECD Indicators

Intergenerational Attainment: 2011

Source: Education at a Glance 2011: OECD Indicators

For 25-34 cohort, US ranks 13th.

Source: US Census, ACS, Table B15001, 2011 ACS 1-Year Estimates

Educational AttainmentFor the US 2011 Age 25-64

38.73% Current % of adults with postsecondary credentials(2011)

1.5M working-age Illinois residents have attended college but don’t have a degree.

Source: US Census, ACS, Table B15001, 2011 ACS 1-Year Estimates

41.7%Current % of adults with postsecondary credentials(2011)

Educational AttainmentFor Illinois 2011 Age 25-64

Educational AttainmentFor Peoria 2011 Age 25-64

38.1%Current % of adults with postsecondary credentials(2011)

51,000 working-age Peoria residents have attended college but don’t have a degree.

Source: US Census, ACS, Table B15001, 2011 ACS 1-Year Estimates

Income by level of education Source: US Census, Current Population Survey

master’s

bachelor’s

associate

high school

Less than high school

US Census, ACS, 2011

US Census, ACS, 2010

US Census, ACS, 2011 1-year estimate

College Changes EverythingSo Be an Agent for Change!

• Who – the rapidly increasing numbers of 21st century students who form the backbone of our economy: the growing numbers of adult students, first-generation and minority students who must redefine the middle class in this nation.

• What - a quality postsecondary education that is well-defined, transparent and focused on the learning that a degree or credential represents.

• How - an affordable, productive system of higher education—a redesigned system that efficiently delivers the learning they need to succeed.

• Set a goal• Share this information • Be a mentor• Business—help your employees help you• Forge good relationships with higher

education, and hold institutions accountable• Leverage the great work already happening

College Changes EverythingSo Be an Agent for Change!

College Changes…•Individuals•Families•Business•Communities•Society

EVERYTHING