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EDUCATION
SCORECARD
2014 UPDATE
WHY 55,000
DEGREES?
EDUCATION
THE CHALLENGE
To incorporate strategies to raise educational
attainment and radically change Louisvilles
education trajectory
THE REWARDS
INCREASED OPPORTUNITIES:
College graduates earn on average
2x as much over their working lifetime
GREATER LOUISVILLE:
Improving quality of life
Competing for 21st-century jobs
50
48
46
44
41.5%
42
40
38
38.3%
G
O
A
L
Y
E
A
R
36
34
32
30
2008
2009
2010
2011
# of degree holders
2012
2013
2014
2015
% of degree holders
2016
2017
2018
2019
2020
62%
OF KENTUCKYS JOBS
WILL REQUIRE A
POSTSECONDARY
EDUCATION.
POSTSECONDARY EDUCATION INCLUDES
Short-term training
Two-year technical degrees
Industry certifications
COLLEGE JUST
ISNT FOR ME.
THE REAL QUESTION IS,
WHICH
DEGREE SHOULD
I PURSUE?
NOT,
SHOULD
I PURSUE A
DEGREE?
THE MAJORITY
OF LOUISVILLE
-AREA JOBS
THAT ONLY
REQUIRE A
HIGH SCHOOL
DIPLOMA DO
NOT PAY A
LIVING WAGE.
The real question is, Which degree should I
pursue?
11,511
Poverty line
11,670
6X
Class of 2010 Kentucky high school graduates who did not attend college
40,984
Annual salary in 2013 after five years working in Kentucky
MOST LIKELY TO
BE UNEMPLOYED
IRREFUTABLE EVIDENCE
OVER A
LIFETIME THIS
ADDS UP TO
OVER
$
1 MILLION
DOLLARS
46,000 ANNUALLY
27,000 ANNUALLY
15% RATE
OF RETURN ON
INVESTMENT
(ROI) for a bachelors degree
COST
VALUE
STEM BACHELORS
DEGREES SHOWED
THE GREATEST
RETURNS IN
LOUISVILLE.
STEM SCIENCE,
TECHNOLOGY, ENGINEERING,
AND MATHEMATICS
6
HEALTH PROFESSIONS
Nursing
53,600
Occupational Therapy
55,500
Physical Therapy
63,200
Computer Engineering
56,300
Mechanical Engineering
Electrical Engineering
ENGINEERING
65,400
67,000
FIVE OBJECTIVES
OF 55,000 DEGREES:
ACCELERATING PROGRESS AND REMOVING
BARRIERS TO STUDENT SUCCESS
THESE OBJECTIVES
PLACE THE FOCUS
ON IMPROVEMENT
OF LOUISVILLES
EDUCATION PIPELINE
FROM KINDERGARTEN
THROUGH COLLEGE.
CONTINUING IMPROVEMENTS
THE GOOD
NEWS
CLASS OF 2014
61%
OF JCPS GRADUATING
SENIORS WERE COLLEGE/
CAREER READY
73%
WHITE STUDENTS
INCREASED BY 14 POINTS
GOAL
8
31%
33%
45%
51%
61%
66%
2010
2011
2012
2013
2014
2015
54%
HISPANIC STUDENTS
INCREASED BY 16 POINTS
41%
AFRICAN AMERICAN STUDENTS
INCREASED BY 17 POINTS
73%
69%
69%
68%
67%
66%
66% COLLEGE-GOING,
a 7% point decline from 2008
3,386
3,607
3,542
3,513
3,461
2008
2009
2010
2011
2012
94%
9
3,577
2013
163
258
376
448
526
724
2008
2009
2010
2011
2012
2013
For Archdiocesan graduates, 59 students (6%) of FAFSA filers did not enroll
While FAFSA completion efforts are
necessary steps to college-going and
affordability, these efforts alone are not
sufficient to ensure college attendance.
AFFORDABILITY
ACADEMIC READINESS
COLLEGE KNOWLEDGE
84%
82%
57%
were Pell-eligible
(low-income)
10
24,431 20%
30,403
21,895 47%
41,533
21,515 17%
26,000
13,235 37%
6,710 36%
10,556
23,239
14,624
11
21,091
Net Price
Sticker Price
Percentage of Discount
9%
39%
52%
$5k
$0k
9,530
2,056
$30k or less
8,780
2,806
$40k
7,180
4,406
$50k
5,480
6,106
$60k
$70k
10,086
Grants / Scholarships*
Loans
1,500
NET Price
Family Income
Grants / Scholarships
$10k
After savings, earnings, and grants have been applied, federal student loans are a valuable resource
to help students cover the remaining cost of college
25,500
19,900
22,384
AVERAGE STUDENT
DEFAULT RATES: A CONCERN
16%
27,886
18%
We track enrollment at 20-plus local colleges and universities who enroll students
from Louisville, across the state of Kentucky, and around the country
80k
UNDERGRADUATE
62,338 STUDENTS WERE
ENROLLED IN THE
LOUISVILLE AREA
70k
60k
50k
40k
30k
20k
10k
0k
2001
2002
2003
2004
2005
2006
2007
2008
2009
UNDERGRADUATE
ENROLLMENT IS A
LEADING INDICATOR OF
DEGREE COMPLETIONS.
14
2010
2011
2012
2013
IN JEFFERSON
COUNTY
94,000
ADULTS HAVE
PREVIOUS
COLLEGE
CREDIT, BUT
NO DEGREE
OF OUR WORKING-AGE
23% POPULATION
Since 2011
6%
traditional-age
students
15%
adult learners
down 4,247
down 2,302
9%
White students
down 4,077
16%
African American
Students
down 1,597
15
70%
74%
60%
75%
58%
75%
56%
75%
74%
55%
55%
67%
49%
65%
70%
45%
42%
55%
2009
2010
2011
2012
Traditional %
28% point gap between
traditional-age students
and adult learners
2008
2009
2010
2011
2012
Adult %
10%
3%
National data suggest that students are more likely to stay in school or persist from the first to second
year under these conditions:
16
BACHELORS GRADUATION
RATE STAYED FLAT AT 49%
from 2011 to 2012, but is still 10% points
behind the national average. The associate
graduation rate improved slightly to 32% and is
on par with the national average of 31%.
60%
48%
48%
25%
40%
14%
12%
30%
37%
62%
Still Enrolled
16%
20%
20%
Not Enrolled
10%
22%
43%
0%
2008
2009
4 year institutions
2010
2011
4 year institutions
2012
2 year institutions
2 year institutions
40%
18%
42%
60%
16%
Graduated
17
24%
Still Enrolled
Not Enrolled
The JCPS college-finishing rate includes students who entered college anytime between Fall 2007 and Fall 2012.
The exact finishing rate for the fall 2007 entering cohort is unknown, but it is within the range of 40% - 47% completion.
The National cohort includes only students who entered in the Fall 2007 and finished a degree by 2013.
19%
8,313
4,630
3,683
IN 2013,
9,868
UNDERGRADUATE DEGREES
Representing a slight gain in bachelors degrees
but a slight decline in associate degrees
(with the exception of JCTC and Ivy Tech,
who increased degrees)
9,868
9,018
THATS AN INCREASE OF
18
18
9,955
4,956
4,062
2010
2011
Associate Degrees
5,123
5,238
4,832
4,630
2012
Bachelors Degrees
2013
Total Number
BY 2018,
37,000
8,200
41.5%
10%
40% HOLDING BACHELORS DEGREES
OR HIGHER
8.8% 32.8%
Associate Degree
40%
GOOD NEWS:
BAD NEWS:
19
2014
2015
2016
2017
2018
2019
2020
20
1
2
3
4
at 61.2%
at 43.4%
at 42.1%
These data affirm the priority
focus on adult learners to
close the attainment gap
between Louisville and
other cities competing for
high-paying jobs and
talented workers.
LEARN MORE
Check out the
DASHBOARD.55000DEGREES.ORG
Greg Fischer,
Mayor of Louisville
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COUNT ME IN
Join the 55,000 Degrees movement today.
SOURCES
dashboard.55000degrees.org/sources
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