More Earn Degrees, But 60% Goal Is Uncertain
Career College Central summary:
More Americans are earning college degrees, but the attainment rate must increase to meet the Lumina Foundation’s Goal 2025, a new report shows. Lumina wants 60 percent of adults to hold a “high-quality” degree, certificate or other postsecondary credential by 2025. Currently, 39.4 percent of working-age adults have earned a two-year or four-year degree. Another 5.2 percent hold a “certificate of significant economic value,” estimates the Georgetown Center on Education and the Workforce.
If current trends continue, 49 percent will be college graduates by 2025. Still, Lumina is thinking positive: ”Not only are postsecondary attainment rates generally increasing, the rate of that increase is rising as well,” says the report. If the current rate of increase continues, 56 percent of working-age adults will hold a degree or other credential by 2025; young adults will hit 60 percent.
While 59 percent of Asian-American adults and nearly 44 percent of whites hold a college degree, only 28 percent of black adults and about 20 percent of Hispanics are college graduates, according to Census figures. While more Hispanics are enrolling college, completion rates are low. If success rates don’t improve, the overall attainment rate could decline to less than 38 percent by 2025.
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