Formerly known as Backpacks to Briefcases, Courses to Careers (C2C) has been an extremely effective venture for EDSI with a 71% rate of employment from its participants since its inception in 2012. The advantages for program participants are countless and specific to each individual, however, the program’s findings have seen several advantages that are repeatedly mentioned by its participants.
Student Loan Debt Now Over $1.3 Trillion Dollars
This is not a misprint. If you need to see it in whole numbers that would be $1,300,000,000,000, and by the year 2020 the student loan debt is projected to be at $2 Trillion Dollars. Just to put this in perspective, student loans now account for the second highest form of consumer debt behind mortgages. The U.S. government, through banks like Sallie Mae, or since 2010, by the Department of Education, backs the majority of student loans. The creditor in this scenario is the U.S. taxpayer, who if students default on these loans will be subject to carry the burden of these loans.
As far as employment is concerned, 49% of recent college graduates between the ages of 22-27 are not employed full time. One adverse effect of this high unemployment percentage is: on average, more than 3,000 borrowers default on their federal student loans every day or 108,000 a year. No wonder student loan default rates have increased 327% since 2003.
Kareem Hawkins began participating in the Livonia WIOA Youth Program on June 10, 2016, following his graduation from Redford Union High School. When Kareem met with the Youth Program’s Career Coach, he expressed a desire to pursue higher education and become employed.
Within the first few months of his participation with EDSI, Kareem prepared for employment through engaging in workshops as well as meeting one-on-one with staff. He worked to develop his resume and create cover letters as he searched for employment. In addition, he completed mock interviews with EDSI staff to learn how to best present himself to an employer. This preparation assisted Kareem as he attended job fairs hosted by EDSI at the Michigan Works! Livonia Service Center.
As parents, most of us expect our children to go to High School, get good grades, go directly to college and earn their degree in 4-5 years. Although this thinking is logical, it often leads young adults down the wrong path. Did you know, only 34% of High School graduates actually earn a bachelor’s degree? More concerning is this fact; 51% of all young adults who attend college NEVER earn a degree!
Reasons why 51% never earn a degree include:
1) The cost of higher education is extremely high.
The total cost of getting a degree in 2010 was 4.5 times higher than the total educational cost in 1985. This is based upon inflation adjusted dollars. The financial burden on parents and students has more than quadrupled!
I have been part of many conversations recently about young professionals: being a young professional, how to attract young professionals to specific employers, what do young professionals want in a position, etc. A common theme I heard in each of these conversations was the varying definition, view, and expectations of a young professional. I found it interesting that this term is used so frequently in the workforce, yet is shaped by perspective, which is then key to understanding someone’s view. From here, I turned to a few college seniors to hear their perspectives and asked them to refrain from using the internet.
Founded in 1979, EDSI is a national leader in workforce development, customized training and consulting.
Want one of our experts to contact you to listen to your needs and demonstrate how we can help?
Workforce Development (80), HR (53), Inspiration (48), Planning (38), Culture (31), Goals (31), Training (29), Education (29), Talent (28), Setting Goals (27), Career Services (25), WIOA (23), Values (22), Workforce Innovation and Opportunity Act (21), Growth (21), Professional Development (20), Success Story (20), Support (17), Talent Development (17), Motivation (16), Career Pathways (16), Strategy (16), Customized Training (15), Attracting Talent (14), Knowledge Retention (14), Job Task Analysis (14), Operational Improvement (14), Youth (13), Retaining Talent (12), Succession Planning (12), Conference (12), Adult Education (12), Recruitment (10), Mentoring (8), Knowledge Management (8), Talent Survey (7), Building Relationships (7), Restructuring (7), Process (7), Talent Engagement (7), Skills Gap (7), Skilled Talent (6), Baby Boomers (5), Young Professional (5), Financial (4), Manufacturing (4), Leadership Development (4), Internship (4), On-the-Job Training (3), Retention (3), Industry Partnerships (3), Community Service (3), Cash Forecasting (3), Turnaround Plan (3), One-Stop Center (3), Transitions (3), EDSI History (2), Employer Engagement (2), Transit (2), Brand (2), Courses to Careers (2), Sales Lessons (2), Memorandums of Understanding (2), TEGL (2), 6σ Black Belt (2), Career Planning (1), Comprehensive Employment and Training Act (1), WIA (1), Exit Interviews (1), Transitional Jobs (1), Priority of Services (1), Technology (1), Maslow's Hierarchy of Needs (1), Awards (1), Manpower Development and Training Act (1), Referral Bonus (1), Project Management (1), Apprenticeship (1), Learning (1), Apprenticeships (1), Customer Service (1), Career Ladders and Lattices (1), Skilldex (1), Employee Empowerment (1), Talent Dashboard (1), Career Sculpting (1), Talent Retention (1), Job Training Partnership Act (1), Resume Writing (1), ISPI (1), 35 Year Anniversary (1), Golden Circle (1), Change Management (1), SMART Goals (1), Diversification (1), ISO (1), Onboarding (1), Inventory (1), Theory of Constraints (1), Health and Human Services (1), Community Based Organizations (1), Skills Balance Sheet (1), Recession (1), Safety (1), Lockout Tagout (1), Ex-Offender (1), CAM (1), Leadership (1), COABE (1), Cycle Counting (1), Lending (1), Economy (1), ABL (1), Webb's Depth of Knowledge (1), Instructional Design (1), EARN (1)Show more