Every summer, unemployment among recent college graduates rises. If economic recovery continues, there will be 19.4 million job openings for people with four-year college degrees in the next 10 years. More than 10 million of these openings will be new, and nearly nine million will be openings that replace retiring baby boomers.
This study finds a mismatch between student ability and college quality. The mismatch is evident in both an undermatch (high-ability students at low-quality colleges) and overmatch (low-ability students at high-quality colleges). Mismatches were primarily driven by student enrollment decisions and not college admission decisions.
Looking Beyond Enrollment:The Causal Effect of Needs-Based Grants on College Access, Persistence, and Graduation National Bureau of Economic Research, August 2013
This study examines the effectiveness of needs-based grant aid in regard to closing the gaps in access and success for students of differing backgrounds. Looking at the long-term outcomes of the Florida Student Access Grant (FSAG), the study found that grant eligibility had a positive effect on numerous outcomes, including attendance, early persistence, accumulation of college-level credits, and likelihood of earning a bachelor's degree within six years at a public college or university.
PSCUs open doors to many of the 9.1 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.