Eastern Lakeshore Regional Planning Team

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Presentation transcript:

Eastern Lakeshore Regional Planning Team

Aging Population of Canada If current population trends continue, Statistics Canada estimates that seniors will outnumber children in Canada by a factor of three to two in 20 years' time. (Pete Evans/CBC) (CBC News, April 1, 2017)

The Economic Impact on Provincial Economy Approximately 67% of students who attended the Ontario colleges stay in Ontario after exiting one of the colleges Their enhanced skills and abilities bolster the output of provincial employers, leading to higher provincial income and a more robust economy Source: Demonstrating the Value of the Ontario college sector – Analysis of the Economic Impact and Return on Investment of Education, May 2014

The total impact of the Ontario colleges on the provincial business community in 2012-13 was $42.8 billion This is approximately equal to 7.8% of the province’s Gross Domestic Product Source: Demonstrating the Value of the Ontario college sector – Analysis of the Economic Impact and Return on Investment of Education, May 2014

In return for the monies invested in the Ontario colleges, students receive a present value of $20.1 billion, net of income taxes, in increased earnings over their working lives This translates to a return of $3.20 in higher future earnings for every $1 that students pay for their education at the Ontario colleges Source: Demonstrating the Value of the Ontario college sector – Analysis of the Economic Impact and Return on Investment of Education, May 2014

Society as a whole in Ontario will receive a present value of $66 Society as a whole in Ontario will receive a present value of $66.1 billion in added provincial income over the course of the students’ working lives Society will also benefit from $553.9 million in present savings related to reduced crime and lower unemployment Source: Demonstrating the Value of the Ontario college sector – Analysis of the Economic Impact and Return on Investment of Education, May 2014

For every $1 funded by society and spent by the Ontario colleges in 2012-13, society as a whole will receive a cumulative value of $19.70 in benefits Source: Demonstrating the Value of the Ontario college sector – Analysis of the Economic Impact and Return on Investment of Education, May 2014

Provincial government paid $2 Provincial government paid $2.1 billion to support operations of the Ontario colleges in 2012-13 The net present value of the added tax revenue stemming from the students’ higher lifetime earnings, and the increased output of business, amounts to $10.5 billion in benefits to the Ontario government Savings to the public sector add another $223.8 million in benefits due to a reduced demand for government-funded social services Source: Demonstrating the Value of the Ontario college sector – Analysis of the Economic Impact and Return on Investment of Education, May 2014

Dividing the benefits to the Ontario government by the amount that it paid to support the Ontario colleges yields a 5.2 benefit-cost ratio This means the Ontario government fully recovers the cost of the original investment and also receives a return of $4.20 in addition to every $1 paid The average annual internal rate of return for the Ontario government is 20.4% Source: Demonstrating the Value of the Ontario college sector – Analysis of the Economic Impact and Return on Investment of Education, May 2014

Dual Credit Students Who Go On To College Excel Pivot Table Institutional Research Departments at Colleges can contribute to the SCWI initiative by contributing time and resources to tracking students. The data models exist and have been refined such that the time commitment is reasonable. Fleming shared this model with Durham College and it has been implemented. Fleming Data Research Department developed a powerful resource to collate data on DC conversions. With this excel tool we can communicate DC students who register at Fleming and in which program.

Dual Credit Students Who Go On To College Excel Pivot Table Additionally, we can also provide which dual credit they took, and from which secondary school / district school board. This is a powerful communication tool, as this data can be shared with senior leaders across the College, as well as at the Academic School, Department and Program level.

Dual Credit Students Who Go On To College Excel Pivot Table – Short Demo

Total Fleming College Registrations Fall 2010 – Winter 2017

Total Durham College Registrations Fall 2010 – Fall 2015

Dual Credit Conversion Rates – Took DC At Fleming and Registered at Fleming (2010 – 2017)

Dual Credit Conversion Rates – Took DC At A Different College and Registered at Fleming

Dual Credit Conversion Rates – Took DC At Durham and Registered at Durham

Student Success - Retention Rates of Dual Credit Students in College Programs Semester Students With Previous Dual Credits All Fleming Students Difference Sem 1 to 2 76.0 % 78.3% 2.3% Sem 2 to 3 77.7% 80.7% 3% Sem 3 to 4 88.2% 85% 3.2%

Durham First Semester Enrolment Students with Dual Credit Experience Prior Dual Credit as a Proportion of Full-time First Semester Enrolment 2012 2013 2014 2015 Durham First Semester Enrolment 5,472 5,550 5,478 5,670 Students with Dual Credit Experience 322 464 471 522 Proportion 5.9% 8.4% 8.6% 9.2% Source: Durham College research

Transition Strategies Both Durham College and Fleming College provide additional supports to SWAC students to assist with Secondary School to College transition SWAC students are targeted as they benefit most from these interventions and are located on college campuses

Transition Strategies Dedicated Student Advising including program/pathways, referral to college services eg. financial aid, support with OCAS applications College Service presentations to SWAC classes including Financial Aid, Career Services, Learning and Accessibility Services, etc. DC Pathways information

Questions & Comments Thank you very much

Eastern Lakeshore Regional Planning Team