educational attainment task force idaho workforce development council august 13, 2012

Educational Attainment Task ForceIdaho Workforce Development Council

August 13, 2012

CCI Plan

Complete College Idaho

Talent(Skilled

Workforce)

Economy(Project60)

Innovation(IGEM)

Key Strategies1. Strengthen the Pipeline2. Transform Remediation3. Structure for Success4. Reward Progress & Completion5. Leverage Partnerships

Strengthen the Pipeline

Transform Remediation

Structure for Success

Reward Progress & Completion

Leverage Partnerships

60% GOALRefining the

More Education Results in Higher

Earnings

Less than HS

HS Diploma

Some college, No Degree

Associates Degree

Bachelor's Degree

Master's Degree

Doctoral Degree

Professional Degree

1,000,000 2,000,000 3,000,000 4,000,000

973,000

1,304,000

1,547,000

1,728,000

2,268,000

2,671,000

3,252,000

3,648,000

Lifetime Earnings by Highest Educational At-tainment, 2009 Dollars

The Premium For Getting A College Degree Has Grown In the Last Thirty Years Because of Rising Demand For

College-Level Skills

1915 1940 1950 1960 1970 1980 1990 2000 20050%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

89%

65%

37%

49%

59%

48%

66%

78%81%

College Wage Premium Over High School, 1915-2005

Demand for Certificates and Degrees is not Keeping Up

Almost 20% gap

Supply

Demand

25 to 34 Year Olds

With…ND CO SD WA MT UT HI ID

Top WICHEStates’

Average

WICHEAve.

Associate or higher 50% 44% 42% 41% 39% 39% 39% 31% 42% 38%

Some College, No Degree

26% 24% 24% 25% 27% 29% 27% 30% 26% 27%

Associate Only 15% 8% 13% 10% 11% 10% 10% 9% 11% 10%

Bachelor Only 27% 27% 24% 22% 25% 23% 22% 18% 24% 21%

IdahoAspiring Higher

7% Certificates of one year or >2,355 per year

19% Associate’s Degrees7,455 per year

34% Bachelor’s Degrees or >9,745 per year

By 2020

Goal-Related Findings

23%Out-Migration

Certs 2,355 1,342Assoc 7,455 4,249BS 9,745 5,555

Becoming a Net Importer by 2020

REMAINING 40% OR 88,200

Addressing the

1.07 MILLION

Educational Attainment Taskforce

Questions