Kanter, Martha

English

The Keep

Panel: Student Debt - We Pay for What We Value

Eastern Illinois University

Journal of Collective Bargaining in the AcademyVolume 0 National Center Proceedings 2017 Article 37March 2017Panel: Student Debt - We Pay for What We ValueMartha KanterCivic NationFollow this and additional works at: http://thekeep.eiu.edu/jcbaPart of the Collective Bargaining Commons, and the Higher Education CommonsThis Proceedings Material is brought to you for free and open access by The Keep. It has been accepted for inclusion in Journal of Collective Bargainingin the Academy by an authorized editor of The Keep. For more information, please contact tabruns@eiu.edu.Recommended CitationKanter, Martha (2017) "Panel: Student Debt - We Pay for What We Value," Journal of Collective Bargaining in the Academy: Vol. 0 ,Article 37.Available at: http://thekeep.eiu.edu/jcba/vol0/iss12/37  Student Debt: We Pay for What We Value  Dr. George A. Davison, President, Federation of Post-Secondary Educators of B.C. & National Union of the Canadian Association of University Teachers Dr. Stephen Katsinas, Director & Professor, Education Policy Center, University of Alabama Dr. Daniel Forster, Vice President of Enrollment Management, Washington College Martha Kanter, Executive Director, College Promise Campaign   March 27, 2017 1Kanter: Panel: Student Debt - We Pay for What We ValuePublished by The Keep, 2017    Student Debt: We Pay for What We Value College Promise Campaign: First Year & A Half in Review  Dr. Martha J. Kanter March 27, 2017  Student Debt: We Pay for What We Value 2Journal of Collective Bargaining in the Academy, Vol. 0, Iss. 12 [2017], Art. 37http://thekeep.eiu.edu/jcba/vol0/iss12/37College Promise Campaign: First Year & A Half in Review    Higher Education Enrollment & Student Diversity    18-24 Years:  12.0 M 58%   25+Years:    8.2 M 40%     Female  11.7 M 57%   Male     8.8M  43%     White     58.0%   Black     14.5%   Hispanic    16.5%   Asian       6.6%   American In/Alaskan Native <1.0%   International/Non Resident    3.3%   Source: http://nces.ed.gov/fastfacts/display.asp?id=372 3Kanter: Panel: Student Debt - We Pay for What We ValuePublished by The Keep, 2017College Promise Campaign: First Year & A Half in Review    Higher Education Enrollment   7.2 Million Attend a Community College        13.3 Million Attend a 4-Year College or University       Source: http://nces.ed.gov/fastfacts/display.asp?id=372 4Journal of Collective Bargaining in the Academy, Vol. 0, Iss. 12 [2017], Art. 37http://thekeep.eiu.edu/jcba/vol0/iss12/37WHY A COLLEGE PROMISE CAMPAIGN? 1980s – Present  Imperative to strengthen the wavering national commitment to Growing Opportunity for All   Burgeoning post-Vietnam War immigrant communities  Growth of state and federal oversight  Fluctuating local, state & federal financial systems  Dramatic expansion of underserved populations, immigrants & first-generation students  Questioning of the public purpose, investment in & funding of American education  College Promise Campaign: First Year & A Half in Review www.collegepromise.org 5Kanter: Panel: Student Debt - We Pay for What We ValuePublished by The Keep, 2017College Promise Campaign: First Year & A Half in Review www.collegepromise.org 6Journal of Collective Bargaining in the Academy, Vol. 0, Iss. 12 [2017], Art. 37http://thekeep.eiu.edu/jcba/vol0/iss12/37College Promise Campaign: First Year & A Half in Review Average tuition at a public 4-year college has increased by more than 250% in the last three decades. www.collegepromise.org 7Kanter: Panel: Student Debt - We Pay for What We ValuePublished by The Keep, 2017College Promise Campaign: First Year & A Half in Review www.collegepromise.org Every State Shares this Workforce Challenge… 8Journal of Collective Bargaining in the Academy, Vol. 0, Iss. 12 [2017], Art. 37http://thekeep.eiu.edu/jcba/vol0/iss12/37College Promise Campaign: First Year & A Half in Review And Every State Shares this Completion Challenge…  Only half of undergraduates earn their baccalaureate     degrees in 6 years!  Too many students drop out and don’t return!  The typical full-time Bachelor’s Degree recipient earns      a college degree in 5.1 years.  The typical full-time Associate’s Degree recipient earns      a college degree in 3 Years.  College and university completion rates vary widely so      choosing wisely matters now more than ever. www.collegepromise.org 9Kanter: Panel: Student Debt - We Pay for What We ValuePublished by The Keep, 2017College Promise Campaign: First Year & A Half in Review And Every State Shares this Student Preparedness Challenge…   93 million adult Americans have little or no college educations (> 45%)   75 million of these adults are functioning at basic or below basic literacy levels   Students from low-income families by age 24 earn bachelor’s degrees at one-eighth the rate of their more advantaged counterparts — 9% compared with 75% www.collegepromise.org 10Journal of Collective Bargaining in the Academy, Vol. 0, Iss. 12 [2017], Art. 37http://thekeep.eiu.edu/jcba/vol0/iss12/37College Promise Campaign: First Year & A Half in Review www.collegepromise.org Preparation is key to earning a college degree!  80% of community college entering freshmen need remediation for college success.  More high school students are completing college prep requirements and graduating, but the achievement gap persists.  Accelerated remediation and redesigned assessment and placement efforts are on the rise.  BOTTOM LINE A college degree is a worthwhile investment that yields significant returns over one’s lifetime.   11Kanter: Panel: Student Debt - We Pay for What We ValuePublished by The Keep, 2017College Promise Campaign: First Year & A Half in Review www.collegepromise.org   12Journal of Collective Bargaining in the Academy, Vol. 0, Iss. 12 [2017], Art. 37http://thekeep.eiu.edu/jcba/vol0/iss12/37College Promise Campaign: First Year & A Half in Review http://www.collegepromise.org  13Kanter: Panel: Student Debt - We Pay for What We ValuePublished by The Keep, 2017College Promise Campaign: First Year & A Half in Review What is a “College Promise”?  A 21st Century promise to fund 1-4 years of college, making higher education as universal, free, and accessible as public high school was in the 19th and 20th Centuries.   A promise to prepare students for the 21st Century workforce and the pursuit of the American Dream without the burden of exorbitant college debt.   A commitment to fund a college education for every eligible hardworking student advancing on the path to earn a college degree or certificate.   Key components:  - “Place-based” (a college, a city, a region, a state)  - Guarantee of Financial Support for College  - Evidence & Performance-Based  - Financially Sustainable  www.collegepromise.org 14Journal of Collective Bargaining in the Academy, Vol. 0, Iss. 12 [2017], Art. 37http://thekeep.eiu.edu/jcba/vol0/iss12/37College Promise Campaign: First Year & A Half in Review What is the purpose of the College Promise Campaign?  To build widespread support, the Campaign uses three strategies: o Communications and Advocacy o Cross-sector Leadership Development o Research, Policy and Practice  Why?  To increase college access, student learning and college completion: o Optimizes local, state and federal funds o Leverages and promotes evidence and performance-based    incentives and interventions. www.collegepromise.org 15Kanter: Panel: Student Debt - We Pay for What We ValuePublished by The Keep, 2017College Promise Campaign: First Year & A Half in Review www.collegepromise.org 16Journal of Collective Bargaining in the Academy, Vol. 0, Iss. 12 [2017], Art. 37http://thekeep.eiu.edu/jcba/vol0/iss12/37College Promise Campaign: First Year & A Half in Review  In the 18 months, more than 190 local communities,     community colleges and universities in 40 states have     launched a College Promise from a wide range of public     and private funding sources.   Tennessee, Oregon, Minnesota & Kentucky have passe     College Promise legislation. Eleven more states are     considering 31 separate bills thus far:  AZ, CA, HI, IL MA, MD, MS, NY, OK, WA, WI   To date, more than half of the nation’s state legislatures     have reviewed more than 40 different College Promise     measures. Governors of AK, NY & RI will seek legislation!  www.collegepromise.org 17Kanter: Panel: Student Debt - We Pay for What We ValuePublished by The Keep, 2017College Promise Campaign: First Year & A Half in Review COLLEGE PROMISE GOALS (DESIGN CHALLENGES)  Increase graduation rate Close the achievement gap  Increase college readiness for entering freshmen  Leveraging cognitive science and technological tools to increase access & success Give every student 24 x 7 advising, mentoring, tutoring, and counseling Create and sustain a long-term, stable financial model 18Journal of Collective Bargaining in the Academy, Vol. 0, Iss. 12 [2017], Art. 37http://thekeep.eiu.edu/jcba/vol0/iss12/37College Promise Campaign: First Year & A Half in Review 19 12 3 12 4 0%20%40%60%80%100%Types of Expenses Covered in A College Promise Courtesy of Dr. Mary Rauner, WestEd, August 2016 19Kanter: Panel: Student Debt - We Pay for What We ValuePublished by The Keep, 2017College Promise Campaign: First Year & A Half in Review How is the College Promise funded? Funding Sources: •  College operating budgets •  College foundations •  K-12 school district budgets •  City operating budgets •  Special state allocations •  Individual donors •  Foundations •  Business & industry •  Federal and state allocations •  Native American tribal funds The majority of College Promise programs have multiple funding sources. 20Journal of Collective Bargaining in the Academy, Vol. 0, Iss. 12 [2017], Art. 37http://thekeep.eiu.edu/jcba/vol0/iss12/37College Promise Campaign: First Year & A Half in Review California Promise Planning/Expansion Grant Funds for Community Colleges $1.5 M awarded:   $750,00 awarded:    Grossmont-Cuyamaca CCD  Barstow CCD  Kern CCD    Butte-Glenn CCD  Los Angeles CCD   Contra Costa CCD   San Jose-Evergreen CCD  Long Beach CCD  San Mateo CCD   Santa Clarita CCD  State Center CCD   Shasta Tehama-Trinity CCD      Sierra Joint CCD      West Valley-Mission CCD 21 www.collegepromise.org 21Kanter: Panel: Student Debt - We Pay for What We ValuePublished by The Keep, 2017College Promise Campaign: First Year & A Half in Review  Today, local communities like Oakland, Barstow, Detroit, Chicago, Wabash County, Boston, Houston, Siskiyous, and Los Angeles are building on what Long Beach, El Dorado and Kalamazoo have already put in place over the past decade.  We pay for what we value.  The challenge is to design a reasonable, sustainable College Promise that include the right combination of financial and behavioral incentives that can be leveraged to increase college opportunity and completion.  22 www.collegepromise.org 22Journal of Collective Bargaining in the Academy, Vol. 0, Iss. 12 [2017], Art. 37http://thekeep.eiu.edu/jcba/vol0/iss12/37College Promise Campaign: First Year & A Half in Review Return on Investment  The probability of being employed is 24% higher.  The likelihood of being out of the labor force (neither employed nor unemployed) is 74% less.  College graduates contribute hundreds of thousands of dollars more over a lifetime in local, state and federal taxes.  College graduates utilize about 39% fewer government resources (e.g., emergency assistance and jails)  College graduates report having “good” or “very good” health 44% more than high school graduates  College graduates are nearly 5 times less likely to be jailed or imprisoned than those who have no college experience. www.collegepromise.org 23Kanter: Panel: Student Debt - We Pay for What We ValuePublished by The Keep, 2017College Promise Campaign: First Year & A Half in Review In our 18 months, we found that College Promise leaders are working to implement the right combination of:  Cross-Sector Stakeholder Leadership  Evidence-based Educational Interventions  Evidence-based Behavioral Incentives  Sustainable Financial Support that can be leveraged to increase economic prosperity, social inclusion, and civic opportunity and stability in the lives of their residents! College Promise Campaign - What It’s Worth: Building More Financially Prosperous Arkansans Through Savings & Education, Dr. Martha J. Kanter, Executive Director 24Journal of Collective Bargaining in the Academy, Vol. 0, Iss. 12 [2017], Art. 37http://thekeep.eiu.edu/jcba/vol0/iss12/37College Promise Campaign: First Year & A Half in Review  What is a ”Promise” Program?  What are the program characteristics     that best increase student access     and college completion?  What are the best models for     financial sustainability?  What future research is needed? 25Kanter: Panel: Student Debt - We Pay for What We ValuePublished by The Keep, 2017College Promise Campaign: First Year & A Half in Review The College Promise Campaign supports the development and expansion of reasonable, sustainable local and state College Promise programs that include the right combination of educational, behavioral, and financial interventions and incentives to increase college opportunity, quality, and completion.  College Promise Campaign - What It’s Worth: Building More Financially Prosperous Arkansans Through Savings & Education, Dr. Martha J. Kanter, Executive Director WE PAY FOR WHAT WE VALUE! 26Journal of Collective Bargaining in the Academy, Vol. 0, Iss. 12 [2017], Art. 37http://thekeep.eiu.edu/jcba/vol0/iss12/37

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Panel: Student Debt - We Pay for What We Value

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Eastern Illinois University