There are More and More College Graduates

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Presentation transcript:

There are More and More College Graduates

Percentage of American Adults (25+) With a 4-Year College Degree, by Year Source: 1940-2000 US Censuses, 2001-2016 American Community Surveys

College Graduates Make More Money

Mean Wage and Salary Income, by Education College Graduate Cumulative Total: $2.3 million High School Graduate Cumulative Total: $1.0 million Source: 2011-2016 American Community Surveys

College Is Expensive

Average Tuition and Fees and Room and Board in 2017 Dollars Private Non-Profit 4-Year Public 4-Year 2-Year SOURCES: College Board, Annual Survey of Colleges; NCES, IPEDS Fall Enrollment data.

College Is Expensive Even if You Drop Out

Two Other Facts

Wage and Salary Income, by Education, Ages 40-49 High School Graduates College Graduates Source: 2011-2016 American Community Surveys

Change in Percent w/ a College Degree, by Occupation, 1980 to 2015 52 of 314 Occupations: Now have fewer college graduates 262 of 314 Occupations: Now have more college graduates Source: 1980 Census and 2011-2016 American Community Surveys

Change in Percent w/ a College Degree, by Occupation, 1980 to 2015 1980 2015 Source: 1980 Census and 2011-2016 American Community Surveys

Going to College is a Gamble

Who “Wins?”

Percent Graduating Within 6 Years among 1st-Time Students Starting at 4-Year Colleges in 2010 SOURCE: U.S. Department of Education, National Center for Education Statistics, Integrated Postsecondary Education Data System (IPEDS), Spring 2002 through Spring 2013 and Winter 2013-14 through Winter 2016-17, Graduation Rates component; and IPEDS Fall 2010, Institutional Characteristics component. (This table was prepared December 2017.)

Percent Graduating Within 6 Years among 1st-Time Students Starting at 4-Year Colleges in 2010

Percent Graduating Within 6 Years among 1st-Time Students Starting at 4-Year Colleges in 2010

More on For-Profit Colleges

For-profit colleges are an important and valuable part of the higher education landscape — especially for disadvantaged and non-traditional students

For-profit colleges are predatory, rarely deliver claimed benefits, and should be much more heavily regulated --- or maybe even closed