States looking to raise the overall numbers of working-age residents with education and training after high school would benefit from focusing on populations who haven’t been well served in the past by colleges, universities, and other postsecondary education providers.
To support quantitative research into the effectiveness of outcomes-based funding in 14 states and isolate the effects of such funding in a single state pursuing a student success agenda.
New funding approach appears to be working in Indiana. Lumina CEO Jamie Merisotis and Indiana Commissioner for Higher Education Teresa Lubbers review outcomes-based funding research from Philadelphia-based Research for Action.
Higher education, depending who you talk to, is a generator and transmitter of knowledge, a provider of opportunity and social mobility, a trainer of skilled workers for employers, a driver of economic development or any or all of the above. But alongside its lofty goals, it is also a big, complex $600 billion business that provides paychecks to four million people.
The U.S. is making slow, but steady progress in the number of Americans who hold high-quality credentials beyond high school diplomas. New data on nationwide postsecondary attainment released today by Lumina Foundation in its latest A Stronger Nation report indicates that 40.4 percent of working-age Americans (ages 25-64) held high-quality two- or four-year degrees in 2014, the latest U.S. Census Bureau (American Community Survey) figures available, up slightly from 40.0 percent in 2013.