15 to Finish Q & A Dr. Chaudron Gille Associate Vice President, University Affairs & Academic Services Ms. Sheila Caldwell Director, Complete College Georgia

Complete College Georgia “Any significant increase in the number of Georgians who complete college will require a historic new era of coordination between the state’s public and private colleges and the business community,” said Deal. “To have a successful future in Georgia, and remain competitive nationwide and globally, we have to have an educated workforce, and that means we need to do a better job getting people into college, make sure they receive a high-quality education and then graduate them.” Governor Deal Comments on CCG

Why CCG? By 2020, 61% of Jobs require certificate or degree 34% of Georgia Adults have an Associate Degree or Higher 27% Skills Gap Chaudron Need an additional 250,00 graduates by the year 2020. We must do something so jobs will not be outsourced. We also want to enable Georgia and citizens to compete in the local, national and global economy.

How We Can Help Close the Gap CCG? Advise Educate Encourage What can faculty and staff do?

Georgia 15 to Finish Video http://www.youtube.com/watch?v=LnpEncs9Sgo This video can help us advise, educate, and encourage. The video has been viewed by middle, high, and college students during orientations

Why 15 to Finish? Too few students make it through Drop-outs costs billions annually Spend less on college degree Higher Earnings in Workforce Performance Based Funding

Too Few Make it Through Sheila Out of 100 students – 5 graduate on time from 2 year and 11 graduate on time from 4 year. That translates into 10% for 2 year and 25% for four year that will graduate on time. It is urgent that we reverse the PT trend.

College Dropout Consequences Higher Unemployment Lower Median Income Higher Loan Default Rates Chaudron Education Sector – Degreeless in Debt: What Happens to Borrowers who Drop Out In 2009, the unemployment rate for borrowers who dropped out was 10 percentage points higher than that for borrowers who graduated: In 2009,the median income for borrowers who dropped out was $25,000, compared to $30,000 for borrowers who graduated Borrowers who dropped out were more than four times more likely than borrowers who graduated to default on their loans: 16.8 percent versus 3.7 percent

Higher Unemployment 6 Months of Unemployment = $45,000 behind in lifetime earnings Unemployment costs the government $9,900 per year for 25 – 34 year-old The US loses $25 Billion Annually Source – The Young Invincibles

Billions lost in State Funding Sheila Source – American Institute of Research Losing billions in state funding – Direct loss for the state with no return on investment – many of these students will also borrow – cannot pay back and they are not earning high wages – which in turn can fuel the economy with purchasing power and tax generation.

College Completion Benefits Learn More, Save More Quicker Entry in Workforce Higher Wages If we do not help them go through quicker, they are less likely to graduate. Learn More (Higher GPA’s and lower college costs) In the workforce or graduate school 1 year = an additional $10,000 - $20,000 annually

Learn More, Save More Sheila Need to change the culture and get high school students on track to be ft students and pt employees.

Learn More, Save More Sheila Need to change the culture and get high school students on track to be ft students and pt employees.

The Outcome is Income Sheila College can help escape snares of poverty. 58% of students are on free/reduced lunch. They need to break the poverty cycle by using education as their escape plan. College graduates are also more likely to have job satisfaction – make the transition to the road maps and careers Speak to how this is specific for guys

Higher Hourly Wages UNG Bachelor Degree Holders earn an average of $18.00 per hour compared to HS Graduates who earn $8.00 per hour.

Higher Annual Incomes 2–Year Degree holders earn an average of $9,400 more annually than high school graduates. 4-Year Degree holders earn an average of $21,100 more annually than high school graduates.

Higher Lifetime Earnings Sheila 1) The U.S. Census Bureau reports that lifetime earnings soar with an education. The Big Payoff Report reveals that over an adult’s working life, college graduates with a bachelor’s degree can expect, on average, to earn $1,000,000 more than high school graduates. Ask them, how many of you could use an extra million ? Everyone raises their hand, including me and the teachers. Now they have a million reasons to go to college because that is what a college degree can do for you.

Enhanced Employment Benefits Retirement Benefits Health Savings Account Tuition Reimbursement

Performance Based Funding Graduation Progression Retention Chaudron 2016 – Georgia will adopt a version of the Pay for Performance model

15 to Finish Challenges Changing the Culture Couse Availability HOPE Chaudron

Changing the Culture Parent Nights High Schools 3,000 Middle Schools 800 Counseling Events 15 to Finish Video 1,500 Community Events Sheila 22 High Schools When they are in middle school you are training them. In high school you are changing their mind.

Enhanced Employment Benefits Mention multiple ways to achieve 30 credits within a year Mention advanced scheduling

15 to Finish Indiana 2.53 2.62 2.96

15 to Finish Hawaii Higher GPA’s and Higher Persistence Rates

15to Finish UNG 29% Increase from fall 2013 to fall 2014 15% Increase by 2015 Students enrolled in 15 or more credit hours 29% Increase from fall 2013 to fall 2014 .

Questions Chaudron & Sheila

References Brookings Institution, The Hamilton Project, 2013 College Board, Education Pays, 2013 Georgetown University, The College Payoff, 2011 U.S. Bureau of Labor Statistics, 2013 Young Invincibles, Closing the Race Gap, 2014 Chaudron & Sheila