Little Training Provided by Federal Job Training Programs; Career Colleges Providing Much of Classroom Skills Instruction
17 Novembre 2011 - 10:30PM
Only one of every 25 Americans served by federal job training
programs actually receives classroom-based skills training,
according to a research report prepared by The Parthenon Group and
commissioned by Corinthian Colleges, Inc. (Nasdaq:COCO). The report
further indicated that instruction is almost always delivered by
local community colleges or private sector career colleges.
"Filling America's Workforce 'Skills Gap': The Role
of Private Sector Education in Job Training" explores whether and
how the federal government's nearly 50 job training programs, which
cost taxpayers upwards of $18 billion annually, meet the current
and future needs of the U.S. workforce. It also examines the role
of the higher education sector – particularly private-sector career
colleges – in addressing those needs.
"The Parthenon Group research clearly demonstrates
that private-sector career colleges and community colleges play an
indispensable, though largely unacknowledged role in preparing
American workers for the 21st century economy," said Jack
Massimino, Chairman and Chief Executive Officer of Corinthian
Colleges, Inc. He continued, "The federal government should
recognize and support the sector as an ally in putting America back
to work."
The study's key findings are:
- Of the approximately 26 million U.S. citizens served by
federal jobs training programs in 2009, a scant 4 percent actually
receive the type of classroom-based skills instruction that leads
to lifelong income gains. The Parthenon Group
research indicates that the vast majority of participants receive
merely short-term, job referral services designed to place people
in jobs based on knowledge or experience they already have.
- When classroom-based skills instruction is provided by
a federal jobs training program, it almost always is in the form of
a subsidy for training that is outsourced to a local community
college or private sector career college. The study
finds that skills instruction, when received, is usually in the
form of a $3,000-$4,000 grant to be used at a local
institution. During 2009, about 55 percent of these grants
went to community colleges and 45 percent to private sector career
colleges.
- While graduates of both community and private-sector
career colleges realize significant, long-term economic benefits
from their classroom-based education, severe fiscal constraints on
community colleges mean that private sector institutions play an
increasingly critical role in the delivery of classroom-based
skills training. Put another way, without the private sector
institutions, far fewer beneficiaries would receive any form of
classroom-based instruction. A previous Parthenon
Group analysis showed that both community colleges and
private-sector colleges serve a large number of low-income
Americans and help their graduates realize income gains of as much
as 54 percent. But the confluence of a number of issues and
trends pose significant challenges for community colleges including
mid-year budget cuts by more than a quarter of all community
colleges, the anticipation of further budget decreases this year by
60 percent, and inadequate capacity to meet current student demand
by 23 percent. (University of Alabama's Access and Funding in
Public Education 2011 National Survey)
"If we're serious about closing the workforce
skills gap and putting more Americans back to work, the federal
government should put more people into the kind of true
skills-development training programs we provide," Massimino
continued. "Corinthian Colleges and other private-sector
institutions have demonstrated our ability to meet the training
needs of the American workforce of today and tomorrow."
The Parthenon Group conducted its research through
a review of public records and published data and information and
through a survey of 24 One-Stop Career Centers across the United
States. Its report was compiled during September and October,
2011.
A copy of the report is available here:
http://parthenon.com/ThoughtLeadership/ParthenonPerspectivesTheRoleofCommunityandPrivateSectorCollegesinJobTraining
About Corinthian
Corinthian is one of the largest post-secondary education
companies in North America. Our mission is to change students'
lives. We offer diploma and degree programs that prepare students
for careers in demand or for advancement in their fields. Our
program areas include health care, business, criminal justice,
transportation technology and maintenance, construction trades and
information technology. We have 123 Everest, Heald and WyoTech
campuses, and also offer degrees exclusively online. For more
information, go to http://www.cci.edu/.
The Corinthian Colleges, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=8848
CONTACT: Investors:
Anna Marie Dunlap
SVP, Investor Relations
(714) 424-2678
Media:
Kent Jenkins
VP, Public Affairs Communications
(202) 682-9494
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