PAF 101 - Lecture Four âThe ability to follow directions is a mark of superior intelligence.â - Carolyn Da Cunha PAF 101 Module 2, Lecture 4 1 Class Agenda Announcements Drivers and Problem-Solving Assignment 2 Get Your Parents to Meet Coplin This Saturday from 9:30-10:30 at the SU Bookstore 9/26 Send them so you can sleep later Coplin presents his Skills Shtick Competition Points As of 9/25/2015 Winners Losers Group # Points 14 13 12 6 1 5 2 5 11 5 17 5 8 4 15 4 18 4 5 4 4 3 3 3 9 3 6 1 7 1 10 1 13 1 16 0 Thinking about drivers Drivers that Set the Agenda Fear Greed Guilt Love Problem-Solving Needs to be Beyond the Drivers and driven by information, researched based speculation and continuing evaluation and not emotion. Exercise 2.5 Use the 2010 census for population only Use 2014 estimates for the rest of the categories if 2010 data is not given on census quick-facts 6 Exercise 2.6 When stating your societal problem, make sure to use: Too little Too much Too low Too high 7 Things You Wonât Learn in School Rule 1: Life is not fair - get used to it! Rule 2: The world doesn't care about your self-esteem. The world will expect you to accomplish something BEFORE you feel good about yourself. Rule 3: You will NOT make $100,000 a year right out of college. You won't be a vice-president until you earn it. Bill Gates 8 Things You Wonât Learn in School Rule 4: If you think your professors are tough, wait till you get a boss. Rule 5: Flipping burgers is not beneath your dignity. Your Grandparents had a different word for burger flipping: they called it opportunity. 9 10 College Board Study Study entitled Education Pays 2013 states âboth individuals and society as a whole benefit from increased levels of education.â What is the College Board? 501c3 whose executives are paid well and who brings you the PSAT, SAT, GRE and AP Founded in 1900, it reaches out to more than 7 million students, 23,000 high schools and approximately 3,800 colleges. 11 More on the College Board In 2012, the CEO of College Board retired, making $1,848,009 that year! Total Revenue in 2013 = $779,465,000 Total Expenses in 2013 = $726,774,000 Total âprofitâ = $52,691,000 SOURCE: https://www.insidehighered.com/news/2014/10/24/higher-ed-trade-group-presidents-make-more-many-college-presidents & http://media.collegeboard.com/digitalServices/pdf/membership/national-2013/forum-agenda-13b7353.pdf, p. 6 The CEO got 1.1 million in compensation fees his retirement year; Current President of CB David Coleman earned $550,000 in 2013 12 Good News Education Pays Note: Show this and suggest that it seems to be pretty clear cut. The typical bachelorâs degree recipient can expect to earn about 61 percent more over a 40-year working life than the typical high school graduate earns over the same period. College graduates. are more likely to have pensions Source:http://www.bls.gov/emp/ep_chart_001.htm/ http://www.bls.gov/careeroutlook/2014/data-on-display/education-still-pays.htm (for 2014 data) 13 Good News for Society Higher levels of volunteer work, blood donations, voting Openness to othersâ opinions Healthier, off of welfare The 5% poverty rate in 2014 for bachelorâs degree recipients was about one-third of the 14.2% poverty rate for high school graduates. (Census Bureau: https://www.census.gov/content/dam/Census/library/publications/2015/demo/p60-252.pdf) Individuals with higher levels of education are less likely than others to live in households that participate in social support programs. At every age and income level, higher levels of education are correlated with better health. Smoking rates among college graduates have been significantly lower than smoking rates among other adults since information about the risks became public. Bad News 69% of graduates have debt (2013). Average debt is $28,400 (2013), up 2% more than what graduates owed in 2009. Video on Higher Education (2 min) 15 College loans are a $85 billion-a-year business. New York Attorney General and loan scandals. Source: http://amsa.com/policy/resources/stats.cfm Source: Institute for College Access & Success' Project on Student Debt Average Tuition from 1978 to 2044 Source: Educational Policy Institute From 2005 to 2012, average student loan debt has jumped 35%, adjusting for inflation. (Wall Street Journal) 16 College As An Investment 35% of students graduate in four years and 53% in six years. It might make more sense to put money in a mutual fund. Itâs very risky especially as the price goes up. 17 It is not clear that a college education is the best choice when considering only 35% of students graduate in 4 years. A Public Policy Investment Does it create economic growth? How much personal and public debt does it increase? What does it do for the poor? 18 It is not clear that a college education is the best choice when considering only 35% of students graduate in 4 years. Really Bad News Source: National Center for Education Statistics, 2010. Note: Based on enrollment in college within 12 months of high school graduation. Income quintiles are defined in terms of all households. In 2008, the upper income limits of the quintiles were: lowest, $19,000; 2nd, $35,000; 3rd, $55,050; and 4th, $88,230. High school graduates are not evenly distributed among income quintiles because graduation rates are lower among students from low-income backgrounds. Enrollment rates reflect moving averages, with the rate for each year the average of three years â the specified year and the two preceding years. 19 Lack of Job Preparation There is widespread belief that colleges do very little to prepare students to be constructive citizens of society. â90% of college graduates reported that their degree was useful in getting a job but did not prepare them with the necessary skills to succeed in the workplaceâ (Chronicle of Higher Education, October 15, 2004). 64% of (employed) college graduates say that they have the skills to advance in their company (Hart Research Associates, 2014). 64% of employers say that college graduates do not have the skills to advance in their company. (Hart Research Associates, 2014). Bad News 20 http://www.aacu.org/sites/default/files/files/LEAP/2015employerstudentsurvey.pdf, p. 10; yes 64% is the number for both Students think they are more prepared than employers do Hart Research Associates, 2014; Stats from previous slide 21 Social and Economic Downside Bad News 22 This is more than the graduation rate of our inner-city schools. Source: http://www.act.org/research/policymakers/pdf/10retain_trends.pdf What does this mean? âToo many people are going to collegeâ¦for most Americaâs young people, todayâs college is a punishing anachronism.â Charles Murray 23 Americaâs Reality âWe have set up a standard known as the B.A., stripped it of its traditional content, and made it an artificial job qualification. Then we stigmatize everyone that doesnât get one.â Charles Murray 24 How Many 25 & Older Have Bachelors Degrees 32% SOURCE: U.S. Department of Education, National Center for Education Statistics (2012). The Condition of Education 2012 (NCES 2012â045), Indicator 48. 25 For YouâThis is Reality âA college degree and a dollar will get you four quarters.â Bill Coplin in 10 Things Employers Want You to Learn in College 26 Reduce the Riskiness of College Figure out X A College Degree + X = Career Success WARNING LABEL #1: Only 35% will graduate in four years and 56% in six years for all colleges and for this college it is ___  WARNING LABEL #2: Although on average college graduates earn much more than high school graduate, the variation around the mean is high and you may find yourself far below the mean.  WARNING Label #3: If you have a pre-existing financial condition such as poverty, you risks of not graduating are much higher.  WARNING Label #4:Potential side effects include significant debt, bankruptcy, and a lower standard of living.  WARNING Label #5: Going to college may be habit forming and lead to go to graduate school without proper career or financial planning.  WARNING Label #6: Choice of a four year program may prevent you for exploring educational alternatives that are less expensive and more productive for you. 27 Graduate School May Suck Too Unless required for job (e.g., Doctors and Lawyers but Law School Sucks) Unless you have at least 2 years experience after college Unless the program you take has high job placement that you can verify Universities are in business and you are the sales target. 28 Enough About You What does it mean for America? Is subsidizing college good public policy like the College Board claims? 29 Why So Much Support for College? The middle and upper middle class want it that way. In the name of helping all, we create four years of summer camp Itâs a subsidy that just keeps getting votes 30 Federal Policy Proposals to Make Higher Education Work for the Public Good âEx. 6.2 Direct financial aid for students to where there are job shortages Require Accountability for Learning Outcomes Provide grants to colleges that give credit for extensive community-based learning One more policy⦠⢠Police example âraising the standardâ ⢠120 Credits package deal ⢠Why is government funding education that does not contribute to the work force? 31 Policy proposal at the federal, and state levels⦠All Higher Education Sales MaterialâPrint or Electronic Must Have the Following Warning: Disclaimer: The outcomes described in these materials illustrate past student achievements and are not guaranteed for current and future students. 32 Assumptions for New Policies For you: College should be primarily for developing skills, character and career exploration For public policy: Federal spending on college should be about workforce preparation and not obtaining a college degree 33 Regrade Instructions On the PAF 101 website under Module One tab: Regrade Request Form: MUST BE TYPED *See Sample Regrade Request Form REGRADES ARE NOT RE-DOâS!!! Donât correct your mistakes; justify why you think you deserve points back Submit form attached to the front of your Module 1 with a binder clip to your TA the class after you get your module back. For Module One: Due on Monday 9/28 Questions? Contact any of the three Regrade Directors Kailey Kane
[email protected] Maria Penoliar
[email protected] Sonia Suchak
[email protected] 35 Outside Speaker Announcement John Mandyck, Chief Sustainability Officer of United Technologies Syracuse Center of Excellence Seminar, September 28th Food Foolish - The Hidden Connection Between Food Waste, Hunger and Climate Change 3:30pm-5:00pm Click here for more information. Remember Module 2 due 12:45 on Friday, 10/9 Module 1 regrade request due on Monday, 9/28 http://classes.maxwell.syr.edu/paf101 37