The U.S. will need 22 million graduates by 2018 to fill all the predicted jobs that will require some kind of post-secondary education, but is only on track to graduate 19 million.
That statistic comes from the Indianapolis-based Lumina Foundation. The shortfall, the Lumina study shows, means lost economic potential nationally, and a tougher life financially for individuals who never earn a college degree.
That’s why Ohio State University and ten other public research universities across the country are joining forces to find ways to boost their graduation rates.
The U.S. Department of education has been doling out funds to states for after school programs since No Child Left Behind took effect in 2002. This year Ohio received 45 million dollars – up from 43 million last year – that it will divvy up between 186 learning centers already in the program and 61 new ones.
More Ohioans are opting to use school vouchers to send their children to private K-12 schools.
The Ohio Department of Education reports more than 31,000 Ohio students are using a voucher to attend a private school in the Buckeye State. That’s at least 4,600 more vouchers than were used last year.
College applications deadlines are approaching, and Ohio students are figuring out how to fund that education. Compared with several years ago, financial aid is down, and student debt is up.
The total budget for need-based aid in the state of Ohio peaked in 2008 at $183 million, while the 2013 budget is just $86 million. Budget cuts in 2009 are responsible for a lot of that change. And while federal Pell Grant funding has increased dramatically, that growth has been outpaced by increases in tuition and living costs.