Why College? Understanding the Benefits of a College Education

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  1. “WHY COLLEGE?” EXPLORING THE BENEFITS OF COLLEGE Used with permission from Eric Neutuch Manhattan Educational Opportunity Center Coordinator, Strategic…
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  • 1. “WHY COLLEGE?” EXPLORING THE BENEFITS OF COLLEGE Used with permission from Eric Neutuch Manhattan Educational Opportunity Center Coordinator, Strategic College Initiatives Project Director, College Connections Project Northeast Learning Center, Danielson, CT Community Learning Center, Willimantic, CT
  • 2. EDUCATION PAYS THE BENEFITS OF COLLEGE-GOING
  • 3. FINANCIAL AID?
  • 4. EDUCATION PAYS: ANNUAL EARNINGS INCREASE WITH EDUCATION $25,100 $35,400 $40,400 $44,800 $56,500 $70,000 $91,000 $102,200 $0 $40,000 $80,000 $120,000 Grade 9–11 HS/GED Some College Associate's Degree Bachelor's Degree Master's Degree Doctoral Degree Professional Degree Median Annual Earnings by Highest Education Level (2011)
  • 5. EDUCATION PAYS: LIFETIME EARNINGS INCREASE WITH EDUCATION $720,000 $1,000,000 $1,130,000 $1,270,000 $1,650,000 $1,960,000 $2,430,000 $2,920,000 $0 $1,000,000 $2,000,000 $3,000,000 $4,000,000 Not a High School Graduate HS/GED Grad Some College Associate's Degree Bachelor's Degree Master's Degree Doctoral Degree Professional Degree Lifetime Earnings for Full-Time Year Round Workers by Highest Education Level (2012) Source: U.S. Census Bureau, 2012, cited in College Board, Education Pays, 2013.
  • 6. EDUCATION PAYS: UNEMPLOYMENT DECLINES WITH EDUCATION 10.7% 7.6% 6.4% 3.9% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% Less Than High School High School Grad (Including GED) Some College or Associate's Degree Bachelor's Degree or Higher Unemployment Rate Unemployment Rate for Adults Age 25+ by Highest Education Level (June 2013) Source: Bureau of Labor Statistics, June 2013,
  • 7. EDUCATION PAYS: LIKELIHOOD OF BEING IN POVERTY DECLINES WITH EDUCATION 28% 14% 11% 8% 5% 0% 5% 10% 15% 20% 25% 30% Not a High School Graduate HS/GED Graduate Some College Associate Degree Bachelor's Degree or Higher Percentage of Individuals Age 25+ Living in Poverty by Education Level, 2011 (%) Source: U.S. Census Bureau, 2012, cited in College Board, Education Pays, 2013.
  • 8. EDUCATION PAYS: HEALTH CARE COVERAGE THROUGH EMPLOYER Bachelor’s Degree or Higher 68% w/Health Care High School Graduate 50% w/Health Care Source: Economic Policy Institute, 2010, cited in College Board, Education Pays, 2010.
  • 9. WORKFORCE TRENDS: DECLINING JOBS ARE ONES THAT GENERALLY DON’T REQUIRE ADVANCED EDUCATION Occupation Bank Tellers Fabric and Apparel Patternmakers Postal Workers Sewing Machine Operators Switchboard Operators, Including Answering Service Textile Cutting Machine Setters, Operators, and Tenders Textile Knitting and Weaving Machine Setters, Operators, and Tenders
  • 10. WORKFORCE TRENDS: MOST HOT JOBS REQUIRE A GED (& ADVANCED EDUCATION) Occupation Change 2010-2020 Median annual wage, 2010Percent Increase Personal Care Aides 71% $19,640 Home Health Aides 69% $20,560 Biomedical Engineers 62% $81,540 Veterinary Technologists and Technicians 52% $29,710 Reinforcing Iron and Rebar Workers 49% $38,430 Physical Therapist Assistants 46% $49,690 Meeting, Convention, and Event Planners 44% $45,260 Diagnostic Medical Sonographers 44% $64,380 Occupational Therapy Assistants 43% $51,010 Physical Therapist Aides 43% $23,680 Interpreters and Translators 42% $43,300 Market Research Analysts and Marketing Specialists 41% $60,570 Marriage and Family Therapists 41% $45,720 Source: Employment Projections program, U.S. Department of Labor, U.S. Bureau of Labor Statistics
  • 11. WORKFORCE TRENDS IN CONNECTICUT: HOT JOBS REQUIRE HIGHER EDUCATION Annual Income Based on Highest Level of Educatio n http://www.bls.gov/emp/ep_chart_001.htm
  • 12. HOT JOBS IN CT?
  • 13. “IS COLLEGE WORTH IT?” VIDEO Myth: College degrees are not worth it. Reality: On average, college degrees are worth it. John Stossel Is College Worth It? 20/20 ABC News http://www.youtube.com/watch?v=V 122ICNS8_0
  • 14. NATIONAL PUBLIC RADIO – MORNING EDITION http://www.npr.org/2013/12/11/24997505 1/parents-worry-schools-overlook-girls- who-arent-college-bound
  • 15. EDUCATED INDIVIDUALS CONTRIBUTE: LIKELIHOOD OF VOTING INCREASES WITH EDUCATION 26% 42% 58% 73% 0% 10% 20% 30% 40% 50% 60% 70% 80% Not a HS Grad HS/GED Grad Some College or Associate Bachelor’s or Higher Percentage of Individuals Age 25-44 Who Voted by Highest Education Level (2012) Source: U.S. Census Bureau, 2013, cited in College Board, Education Pays, 2013.
  • 16. EDUCATED INDIVIDUALS CONTRIBUTE: LIKELIHOOD OF DONATING BLOOD INCREASES WITH EDUCATION 1.6% 4.0% 6.2% 6.5% 9.1% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% Less Than High School High School Grad (Including GED) Some College Associate's Degree Bachelor's Degree or Higher Percentage of Individuals Age 25+ Who Donated Blood in the Past 12 Months by Highest Education Level (2005) Source: NCHS, 2005 National Health Interview Survey, cited in College Board, Education Pays, 2007.
  • 17. EDUCATED INDIVIDUALS CONTRIBUTE: LIKELIHOOD OF SPENDING TIME ON CHILDREN’S ACTIVITIES INCREASES 61 75 87 113 0 20 40 60 80 100 120 Not a HS Grad HS/GED Grad Some College or Associate Bachelor’s or Higher Number of Minutes Employed Mothers Spend on Children Under Age 18 Per Day (2003-2012) Source: Bureau of Labor Statistics, 2013, cited in College Board, Education Pays, 2013.
  • 18. EDUCATED INDIVIDUALS COST LESS: LIKELIHOOD OF RECEIVING FOOD STAMPS DECREASES WITH EDUCATION 24% 12% 10% 7% 2% 0% 5% 10% 15% 20% 25% 30% Not a HS Grad HS/GED Grad Some College Associate Degree Bachelor's Degree Percentage of Individuals Age 25+ Receiving Food Stamps by Highest Education Level (2012) Source: U.S. Census Bureau, 2012, cited in College Board, Education Pays, 2013.
  • 19. EDUCATED INDIVIDUALS COST LESS: LIKELIHOOD OF SMOKING DECREASES WITH EDUCATION Source: DeWalque, 2004; National Center for Health Statistics, 2012-2013; cited in College Board, Education
  • 20. DISCUSSION Does this data surprise you? What surprises you the most?
  • 21. Amy Hiller-White Adult Education Transitions Coach CI/CT ASL Educational Interpreter Northeast Learning Center in Danielson (860) 779-3770 Community Learning Center in Willimantic (860) 423-2591 ahiller-white@eastconn.org Skype / Video Calls: transitionscoachateastconn Maureen Sierra Adult Education Transitions Coach Bi-Lingual in Spanish/English Community Learning Center in Willimantic (860) 423-2591 msierra@eastconn.org
  • 22. “You do not need to have finished this step in order to plan the next step. Make an appointment even if you have not yet completed your GED or high school diploma!”
  • 23. T E C H N I C A L C O L L E G E S S O M E A WA R D A S S O C I A T E D E G R E E S ! Auto Repair Computer Technolo gy Medical Assistanc e Bookkeepin g or Accounting U s u a l l y a w a r d c e r t i f i c a t e s o f s t u d y i n c a r e e r - s p e c i f i c p r o g r a m s  N o t e : S o m e c o m m u n i t y c o l l e g e s o f f e r s i m i l a r c e r t i f i c a t e p r o g r a m s b u t a t a l o w e r c o s t
  • 24. TWO YEAR COLLEGES Associate Degrees or Certificates of Study Can prepare students for transferring to a four-year college or university Offers technical training in specific occupations (bookkeeping, culinary arts, etc.)
  • 25. TWO YEAR COLLEGES CONTINUED.. Most have an open admissions policy, requiring only a high school diploma or equivalent Most are non-residential, meaning students live off campus Students can attend part-time or full-time Most public two year colleges have low fees
  • 26. Colleges Bachelor’s degrees (& some also award Master’s degrees)  Emphasis is on liberal arts education.  Broad education in social sciences, humanities, sciences  Smaller enrollment and class size, offering greater individual attention  Emphasis is on teaching rather than research
  • 27. Universities Bachelor’s degrees and graduate/professional degrees.. Master’s, Ph.D., Law, and Medical degrees  Emphasis on liberal arts education or specialized training (e.g., teaching, engineering)  Strong emphasis on research  Tend to have larger enrollments and larger class sizes than four
  • 28. SUCCESS CAN BE YOURS!
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