Frank F. Britt, CEO Penn Foster, addresses the nation's mega trends that is changing the face of education as we know it at the 2013 ASU/GSV Summit in Scottsdale, AZ.
1. WHY THE NEXT SECRETARY OF
EDUCATION SHOULD REALLY BE
TALKING ABOUT PENN FOSTER
2. MEGA TRENDS THAT SUPPORT PENN
FOSTER
Trends that Change the Face of Education As We Know
It
1. New delivery models being embraced
2. Downward pricing pressure and
overcapacity in high ed
3. Rebalancing the federal budget and
cut in state funding for colleges
4. High school common core standards,
CTE, reemergence and budget
dynamics
5. Student loan debt crisis
6. Lifelong learner mindset emerging
7. Immigration and energy
independence driving training
demand
8. Crisis in middle skills labor force
2
4. www.pennfoster.edu
THE SKILLS GAP
Yet, employers still cannot
find enough qualified
workers to fill middle-
More than 12 million remain
unemployed
Nearly 4 million jobs go unfilled
5. www.pennfoster.edu
MIDDLE SKILLS DISTANCE
LEARNING:
THE FASTEST GROWING
EDUCATION ECONOMY
An estimated 17 million
new job openings between 2010 and 2020
are going to require middle skills
31% of entry-level associate-degree jobs
pay more than entry-level BA positions
Demanded by Business
88 million workers have low literacy,
limited English and lack a credential past high school
Demanded by Students
75 million non-traditional students are underserved,
largely due to rising costs of college
AT PENN FOSTER WE PROVIDE
EDUCATION AND TRAINING FOR A BETTER LIFE
Manufacturing
Healthcare
Construction
Childcare
Veterinary
6. www.pennfoster.edu
OUR VISION FOR EDUCATION
The primary aim of education is not to enable
students to do well in school, but to help them do
well in the lives they lead outside of school.
7. www.pennfoster.edu
THE UNIQUE NEEDS
OF OUR STUDENTS
Penn Foster creates individually
personalized education plans to
cover
• career pathways
• academic readiness
• confidence
Students acquire skills to succeed
in an increasingly difficult job
market while supporting current
financial and familial roles and
responsibilities.
Academic
Needs
8. High School College Adult
We create on- ramps for traditional and adult
learners on their path to training, re-skilling
and personal achievement
8
Largest high school in
the U.S.
Degree programs in
high growth technical
careers. Best value
associates degree
options
200+ certification and
diploma programs. #1
market share in career-
focused distance learning
43,000
Students
28,000
Students
63,000
Students
Today, we have has over 130,000 active students in our vocational,
associate degree, and high school programs in the U.S., Canada, and
around the world.
9. www.pennfoster.edu
OUR EDUCATION MODEL DELIVERS
RESULTS
We graduate 25,000 students per year
150,000 new students enroll each year
Low cost value pricing, pay as you go
No finance charges, no Title IV loan debt
We maintain a student satisfaction rate of 95%
10. www.pennfoster.edu
AT PENN FOSTER, WE BUILD FUTURES
Penn Foster is the real deal. Getting my diploma from Penn Foster was one of the
best things that happened to me…
Now I will be able to provide a better life for my
daughter.“
-- Antoinette
”Penn Foster College is THE BEST online college
for those of us who have full-time jobs and shift
workers,
because Penn Foster gives us the flexibility to study at our own convenience,
at our own pace, and WITHOUT deadlines.“
-- Todd
”I was glad that I was able to complete my program
online and spend time with my family, and not be stuck
in a classroom.
I had some life changing events and Penn Foster was wonderful
and understanding about what was going on.“
-- Kate
Notas del editor
Talking points:
Student loan debt has reached more than $1 trillion.
The average student graduates from a traditional college with more than $27,000 in debt, up 54% in the last 10 years.