Washington, DC - February 1, 2016 – Today, APSCU president and CEO Steve Gunderson released a "State of the Sector" report on postsecondary career education. The white paper details the recent history of the sector, as well as frames the future around which the sector will continue to best serve America's new traditional students.
Commenting on the release of the paper Gunderson said, "The message that I am sending to policymakers, media, stakeholder, and the public is that private sector career education is much different than the one targeted by the Obama Administration for the past six years. Our sector has increased academic awards, while also showing a decline in use of Title IV funds, reduction of tuition and fees, and a very significant reduction in cohort default rates.The only thing that has not changed is the sector's continued focus on serving those most in need of additional access and opportunity – today's new traditional students."
The paper documents the dramatic changes and improvement that have taken place since the beginning of the decade. Between 2010 and 2014:
·Total Sector Enrollment: Down 572,587 students
·Tuition and Fees: Down 1.2 to 2.4%*
·Total Sector Revenues: Down $2.3 Billion
·Title IV Financial Aid: Down $12.3 Billion
·Sector's % of all Title IV Funds: Down 6.7%
·Default rates: Down 3.7% to 7.4%*
·Academic Awards:UP 20,877!
(Asterisk references the difference in 2 and 4 year programs.)
Gunderson notes that there is good reason for optimism around future growth in the sector:
"By choice, economic necessity, or political climate this sector has changed!In the last five years, the data shows that significant change has occurred. The immediate challenge is in communicating that change to policy makers, the media and others engaged in postsecondary education so that today's public policy reflects today's sector.
View the full report.