Thirteen million Americans are currently unemployed, and more than 90 million are undereducated and unprepared for the 21st century workforce.
Last year, private sector colleges and universities served more than four million students and conferred 800,000 degrees and 220,000 credentials.
The U.S. Department of Labor predicts a shortage of more than 35 million skilled and educated workers over the next 30 years.
By 2020, nearly two-thirds of all new jobs will require a postsecondary education.
The unemployment rate for August 2012 was 4.1 percent for college graduates with a bachelor’s degree or higher, compared with 8.8 percent for those with a high school diploma, and 12 percent for those with less than high school.
PSCUs open doors to many of the 9 million unemployed and 90 million undereducated Americans by providing a skills-based education. To remain competitive over the next decade, we must identify between 8 and 23 million new workers with postsecondary skills. PSCUs are a necessary part of that solution, having produced over 800,000 degrees last year alone.