There are more than 65 schools serving 34,000 students per year. About 22,000 students are Connecticut residents, the remainder are out-of-state residents served by Connecticut-based schools.
All schools are currently licensed by the Department of Higher Education. In addition, half the schools, training more than 65% of the students, are nationally accredited so their students can access Federal Student Aid.
Students who seek training at Career Schools tend to have more focused objectives than those who seek out Community, Technical, and four year colleges:
*These students want short-term, hands-on, high-quality training to qualify for a specific job and become a wage earner in nine months to one year. To accommodate these goals, classes run up to 24 hours per week throughout the year, with no summer breaks. Graduation rates average 75%.
*Since securing a job is primary, students also want help with job placement and more than 77% ofConnecticut's Career School graduates are placed in jobs.
These graduation and placement rates are approximately double those achieved at the Community and Technical colleges. Career Schools provide very significant financial benefits to the economy of Connecticut---in addition to job training and job placement benefits to students:
*The schools are mostly privately-owned and profit-making corporations which pay Sales and Use Taxes as well as Income Taxes--just like any other private corporation but unlike most schools and colleges.
*Our students do not use state subsidies. By comparison, students of Community and Technical Collegesrequire a subsidy of over $8,000 per year and they require two years to complete equivalent job training.
*Most of the 22,000 Connecticut-based students of Career Schools would likely require a subsidy in excess of $8,000 per year for two years if their training was provided by a publicly-subsidized Community or Technical college.
*Therefore, we would argue that the Private Career Schools extend the mileage of the State's education budget by at least $176,000,000 per year --in addition to providing tax revenues.