Imagine America Foundation releases 2007 Fact Book

The Imagine America Foundation has released its biannual fact book, which compares public institutions with private two- and four-year colleges. Featuring nearly 40 pages of research and analysis, the 2007 Fact Book presents a comprehensive look at the for-profit and career college sector of higher education and provides data on enrollment, student benefits and outcomes, career college student profiles, default rates, return on investment statistics, and job opportunities for graduates.

More than 2 million students attended career colleges in the 2005-2006 academic year. While more than a quarter of dependent students come from families with incomes over $60,000, the career college sector is more likely than the non-profit sector to serve students who are independent, have income in the lowest quartile, have parents with an education below the high school level, and are racial or ethnic minorities. This research also shows:

  • 37 percent of students at career colleges are minority, comprising a greater share than those enrolled at private not-for-profit and public institutions (19.8 percent and 24.6 percent, respectively).
  • Career colleges represent seven of the 10 four-year institutions producing the largest number of minority graduates with Associate degrees in 2004-2005.

“Compared to similar institutions in specific areas of diversity, completion and graduation rate, career colleges do better,” said Bob Martin, president of the Imagine America Foundation. “While this isn’t a revelation for those of us in the sector, it does show – and realistically so – how our colleges stack up in the realm of higher education.”

For more information about the Imagine America Foundation’s Fact Book or to request copies, please contact Bob Martin, President of IAF, at (202) 336-6758.

About the Imagine America Foundation
The Imagine America Foundation (IAF) is a not-for-profit affiliate of the Career College Association, established in 1982. Since its inception, the Foundation has provided over $35 million in scholarship and award support for graduating high school seniors, adult learners and U.S. military veterans attending career colleges nationwide through its award-winning Imagine America® programs. The Foundation also publishes vital research publications for the higher education sector, honors achievement in career education and supports faculty/staff training. For more information about the Imagine America Foundation’s scholarship and award programs, please visit

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