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Breaking with Tradition: Adult Learners are Essential to Illinois’ 60 x 25 Goal Sarah Labadie Policy Associate [email protected] (312) 782-3902 ext. 231 ISAC MAP Eligibility Task Force September 26, 2012 www.womenemployed.org Since 1973 . . . Mobilizing people & organizations to expand educational and employment opportunities for America’s working women. Increasing access to and success in education & training by: •Increasing financial aid •Improving support services •Improving educational programs www.womenemployed.org Adults in Higher Education • More than 50% of all postsecondary students are independent adults, many of whom have been out of school for a significant amount of time • About 72% have an expected family contribution of 0 • Over 50% attend college less than full-time • Nearly 40% work part-time • And 27% are parents The majority of “non-traditional students” are female and attend community colleges. www.womenemployed.org MAP Grant Awards by Dependency Status and Institution Type www.womenemployed.org Illinois’ 60 x 25 goal – to ensure that 60% of adults have a college credential by 2025 – is vital to our state and its residents. To remain globally competitive, the U.S. and each state should ensure that at least 60% of adults ages 25 to 64 have an associate or bachelor's degree by 2025. In Illinois, the current rate is 41.3%. www.womenemployed.org College Degrees Mean Higher Income: Illinoisans with a college degree will earn more over a lifetime than their peers with only a high school diploma. www.womenemployed.org More Jobs Require Higher Education By 2018, over 63% of jobs in Illinois (and nearly two-thirds of jobs in the nation) will require some postsecondary education or training. Source: http://cew.georgetown.edu/jobs2018/ as cited by Center for Law and Social Policy (CLASP) and NCHEMS. 2011. The Economic Imperative for More Adults to Complete College: Illinois www.womenemployed.org 60 x 25 Goal will Generate Revenue By meeting the 60 percent credential goal, Illinois will generate more annual revenue. www.womenemployed.org Under current postsecondary investment patterns, Illinois' state revenues will decrease by about $140 million in 2025. Source: http://www.clasp.org/postsecondary/publication?id=1452&list=publications_states www.womenemployed.org By meeting the 60% credential goal, Illinois will generate more revenue, topping approximately $1.9 billion in 2025. Source: http://www.clasp.org/postsecondary/publication?id=1452&list=publications_states www.womenemployed.org annual Adults currently in the workforce are vital to meeting the 60 x 25 goal. Why? Do the Math. To meet the 60 x 25 goal, we will have to produce an additional 595,296 degrees or certificates above our current graduation rate. Source: http://www.clasp.org/postsecondary/publication?id=1452&list=publications_states www.womenemployed.org Can We Do It With Graduating High School Students Alone? If we improve our high school graduation rates to 100% and ALSO manage to raise our college going rate from 57.4% to 95%, we would still end up short of our goal. And while ensuring every high school student graduates is a worthy goal, it is unlikely to happen. So How Will We Do It? By helping more working age adults earn college credentials: www.womenemployed.org We need to target adults to return to school and complete certificates and degrees. If we increase the number of 20-39 year olds enrolled in college by just two percentage points from 1.22% to 3.2%, then we are more than halfway to our goal – we’ll gain 344,000 credentials. Source: http://www.clasp.org/resources_and_publications/flash/CPES%20ROI%20Tool/Illinois.swf www.womenemployed.org Financial aid is critical to adult student access and success in college www.womenemployed.org College Costs and Financial Aid • Average tuition and fees at a community college: $3,117 • Yearly cost of books: $1,000 • Average Pell Grant for independent student: $3,721 • Average MAP award for independent student (if received): $2,088 www.womenemployed.org Living Costs in Illinois • Average yearly cost of renting a twobedroom in Illinois: $10,000 • Yearly cost of utilities: $2,000 • Yearly cost of transportation: $5,000 • Yearly food and drink: $6,000 • Total: $23,000 Source: http://www.ehow.com/info_12004938_average-cost-living-illinois.html www.womenemployed.org Other Issues: Pell Changes • Changes in the income amount for automatic 0 EFC • Cut Ability to Benefit students, affecting about 90,000 students now and more in the future • More possible in the future www.womenemployed.org Potential Scenarios • Create a pot of money for independent students who apply later • Set aside money for students who are close to completion, especially adults who many have used MAP years ago • Create a pot of money for students previously covered by Ability to Benefit provisions in Pell who cannot receive it anymore www.womenemployed.org To meet the college completion goals of tomorrow, we must include the adults of today. www.womenemployed.org Breaking with Tradition: Adult Learners are Essential to Illinois’ 60 x 25 Goal Sarah Labadie Policy Associate [email protected] (312) 782-3902 ext. 231 ISAC MAP Eligibility Task Force September 26, 2012 www.womenemployed.org