Municipal Leadership for Postsecondary Success: Getting Started
In order for cities – large and small, urban, suburban and rural – to be globally competitive and attractive to businesses and families alike, more of their residents must pursue and successfully obtain postsecondary degrees and credentials.
A postsecondary credential – whether it is a bachelor’s degree, associate degree, apprenticeship, or certificate – is critical for success in today’s economy. The Center on Education and the Workforce (CEW) at Georgetown University estimates that more than six in 10 jobs will require at least some postsecondary education by 2018.
For an individual, the higher the level of educational attainment, the higher the earnings over a lifetime. The CEW found that, “In 2002, a bachelor’s degree holder could expect to earn 75 percent more over a lifetime than someone with only a high school diploma. [In 2011], that premium is 84 percent.”
Despite the substantial returns to higher education, only 40 percent of American adults currently have postsecondary credentials, and this rate is significantly lower for underserved minorities.