1. Stuart Wasilowski Vice President School of Applied Science and Technology South Piedmont Community College NCCAEA Conference Durham, NC September 2012

2. Economics Retention Credential to Credit

3. Economics of Education

4. Skilled Workforce Technology Infrastructure Physical Infrastructure Business friendly environment Financial Capital Quality of Life Schools, Crime, Amenities The Building Blocks of a Competitive Community

5. Workforce Development Economic Development Origins War on PovertyLocal Competition for Business Funding FederalLocal/state Culture Human ServicesBusiness Objectives Access/EquityEconomic Growth Accountability Highly RegulatedLoose Regulation Programming Case Management ModelSales Model Measurement Job PlacementJob Creation A Tale of Two Systems, Seedco Policy Center, 2009

6. Collaborative Interests Workforce Development Interests Higher Education Training Economic Development Interests

7.  Availability of Skilled labor  Labor costs  Tax exemptions  State/Local incentives 2002  90.9%  89.9%  88.2%  88.0%  Area Development Magazine Survey of Site Selection consultants Top factors determining Employer Site Selection 2010  92.6%  96.8%  88.4%  96.8%

8. InvestmentReturn on Investment Training Investment 10% higher than industry average 8.6% higher than average productivity Capital Equipment Investment 10% higher than industry average 3.4% higher than average payoff from the capital investment 21st Century Skills for 21st Century Jobs. Lisa Stuart/Emily Dahm The National Center on the Educational Quality of the Workforce Study Training Increases Productivity Training Investment vs Capital Investment

9. Using 3 live portfolios made up of the stock in companies that “spent aggressively on employee development.” “…organizations that make extraordinary investment in people often enjoy extraordinary performance on a variety of indicators including shareholder return.” “…each of these three portfolios outperformed the S & P 500 by 17% to 35% in 2003.” Harvard Business Review, March 2004 Bassi/McMurrer Training Investment Return on People

10. By 2018, the economy will create 46.8 million openings—13.8 million new jobs and 33 million replacement jobs, positions vacated by workers who have retired. Of these 46.8 million jobs, 63% will require workers with at least some college education. Carnevale, Smith, & Strohl, 2010 Economics and jobs

11. Between 2008 and 2018, North Carolina will create 1.4 million job vacancies both from new jobs and from job openings due to retirement. 833,000 of these job vacancies will be for those with postsecondary credentials By 2018, 59% of NC jobs will require some level postsecondary training. Carnevale, Smith, & Strohl, 2010 Economics and Jobs

12. The total cost of a four-year public institution represents about 6 percent of income for students from high income families as compared to 71 percent for low-income families. By comparison, in 1979-80 the costs were 31 percent for low-income families. Tinto, 2004 Economics of Education Cost

13. 19% of all households owed student loans in 2010. Up from 15% in 2007. Households headed by someone younger than 35, the rate was 40%. Pew Research Center, 2010 Economics and Student Debt

14. In 2008-09, nearly $1 billion will be spent on first time, full time community college students who drop out before their second year (nationally). North Carolina saw $5.2 million of Federal student aid spent on first year, community college students who subsequently dropped out. Schneider & Yin, 2011 Economics and Student Debt

15. Income levels between those with high school degrees versus individuals with some college experience but no bachelor’s degree varied by only 10%. Their counterparts with a bachelor’s degree enjoyed a 69% advantage on income Tinto, 2004 Economics of Education Payoff

16. U.S. will need 22 million new college degrees and will fall below that number by at least 3 million. Shortfall of workers with postsecondary certificates to be at least 4.7 million by 2018 Carnevale, Smith, & Strohl, 2010 Economics of Education

17. Retention

18. Institutional Integrity Braxton(2008) Prior Learning Assessment Ebersole (2010) Academic Support Tinto(2004) Concern for Career Development Braxton(2008) Clear and High Expectations Tinto(2004) Role of Academic Program Nitecki(2011) Faculty- student interaction Tinto(2004) Economic Conditions Metz.(2004) Economic Factors Metz(2004) Relevant Learning to provide value for the students Tinto(2004) Frequent Feedback Tinto(2004) Retention

19. President Obama set a national goal to have the most educated workforce in the world by 2020 Kanter, 2011 Retention – The BIG Goal

20. The Lumina Foundation set a goal for America to increase higher education attainment rates (the proportion of the population that holds a high-quality postsecondary degree or credential) to 60% by the year 2025. Matthews et al., 2010 Retention – The BIG Goal

21. At present 37.9% of the population holds a two or four year degree, considerably short of the goal established. What will it take to reach the 60% goal if we are at 37.9%? Matthews et al., 2010 Retention

22. The academy must increase the number of degrees awarded each year, every year, by 278,000 Matthews et al., 2010 Retention

23. There are approximately 22 million Americans that have some college level experience but do not hold a degree. Matthews et al., 2010 Retention

24. The issue of student departure is not the domain of a single department or division within the institution. It is in the domain of the institution itself. Retention, persistence and addressing student needs must be in the DNA of the institution in order to succeed. Braxton et al., 2008 Retention - Integrity

25. Each student needs to be treated as if they are at risk… because they are. Braxton et al., 2008 Retention - Integrity

26. Completion

27. What Is Prior Learning? … a term used by educators to describe learning that a person acquires outside a traditional academic environment. What Is Prior Learning Assessment (PLA)? … a term used to describe the process by which an individual’s experiential learning is assessed and evaluated for purposes of granting college credit, certification, or advanced standing toward further education or training. CAEL, 2012 Completion - PLA

28. Do adults who earn PLA credit have better graduation rates, compared with those who do not earn PLA credit? Do they have better persistence? Do they earn their degrees in a shorter period of time? CAEL, 2012 Completion- Does PLA help Completion?

29. Completion Study of 62,475 student records from 48 postsecondary institutions. PLA students had better graduation rates and persistence, than other adult students. CAEL, 2010

30. Bachelor’s degree completions 43 percent of PLA students earned a bachelor’s degree, versus 15 percent of non-PLA students Associate’s degree completions 13 percent of PLA students earned an associate’s degree, versus 6 percent of non- PLA students CAEL, 2010 Completion

31. Other facts on the study that PLA students in this study had better graduation rates than non-PLA students:  regardless of institutional size, level (two-year or four-year) or control (private for-profit, non-profit, or public)  regardless of the individual student’s academic ability or grade point average  regardless of the individual student’s age, gender, or race/ethnicity  regardless of whether or not the individual student received financial aid CAEL, 2012 Completion - regardless

32. Not only did they complete… Completion in a shorter period Completion at a lower cost CAEL, 2010 Completion

33.  national standardized exams in specified disciplines, e.g., AP exams, College Level Examination Program (CLEP) tests, Dantes Subject Standardized Texts (DSST)  challenge exams for local courses (test out);  evaluated noncollege programs, e.g., American Council on Education (ACE) evaluations of corporate training and military training; and  individualized assessments, particularly portfolio-based assessments. CAEL, 2010 Commonly Accepted PLA

34. Another option is credential to credit (C2C) Wasilowski, 2012 Completion – C2C

35. Credential to credit The local institution evaluates industry credentials for their quality, rigor, and content. Local institution crosswalks the credential to college level content. Wasilowski, 2012 Completion - C2C

36. Completion- Process Map Faculty Sponsor reviews credential. Pairs competencies with current course listing Recommendation and approval from Vice President Consideration for approval from Curriculum Education Programs Team Credential to Credit is approved.

37. Completion- Savings Credential Credit to be awarded Cost @ $66.50 per Credit Estimated Books/Fee Total Estimated Savings North Carolina Electrical License 10 credits Electrical Program $665.00$350.00$1015.00 Microsoft Office User (MOUS) 15 credits Computer Program $997.50$350.00$1347.50 Certified Computer Network Associate 12 credits Computer Networking Program $798.00$350.00$1148.00 MSSC Certified Electronic Technician 13 credits Electronics Program $864.50$350.00$1214.50

38. Summary  We face significant economic challenges  Retention and completion are critical issues for students, institutions and the country  We must explore every option available to support student completion  We must treat every student as if they are risk because every student is at risk