September 2010

Imagine America Foundation Releases 2010 Fact Book: A Profile of Career Colleges and Universities

Washington, D.C. (September 27, 2010) – The truth about the impact of America's career colleges has been sorely missing from recent Senate hearings involving the practices of “for-profit” schools. Just as the career education sector is once again about to take center stage on Capitol Hill, the Imagine America Foundation has released its annual Fact Book, which presents some compelling research that provides a clear picture of the nation's career colleges and how the labor force is impacted by its graduates.

The Imagine America Foundation's 2010 Fact Book: A Profile of Career Colleges and Universities compares public institutions with private two- and four-year colleges, and features more than 50 pages of research and analysis. The research compiled by JBL Associates, Inc. is broken out into critical areas of impact, presenting data on enrollment, student benefits and outcomes, career college student profiles, default rates, return on investment statistics, and job opportunities for graduates.

"The overall picture of career colleges that the Fact Book creates is one of a vitally important sector of education that fulfills a valuable role in supplying skilled labor to the American work force and offering opportunities to minorities that would otherwise be hard to come by," said Robert L. Martin, President of the Imagine America Foundation.

More than 2.6 million students were enrolled in career colleges during the 2008-2009 academic year. And, about 42 percent of all career institutions participated in Title IV student aid programs. The career college sector serves a diverse student body, and is more likely than the non-profit sector to serve students who are independent, have incomes in the lowest quartile, have parents with an education below the high school level, and are racial or ethnic minorities.