Getting the Most Bang for Our Buck: Making Smart Federal Investments in Workforce and Skills Training   [open pdf - 999KB]

From the Executive Summary: "Americans need the right skills and education to thrive in today's global economy. More and more jobs require advanced degrees, and the U.S. manufacturing sector -- previously a place where individuals without a higher degree could earn a good living -- increasingly demands workers with higher skills certificates or degrees to fill advanced manufacturing jobs. The federal government has long encouraged, and financially supported, students attending 4-year institutions of higher education, largely through financial assistance provided by the Departments of Education and Veterans Affairs. Given the costs of attending such institutions -- $37,548 per year for 4-year colleges and universities, on average -- and the fact that a significant proportion of students do not graduate with degrees, it is critical to examine all ways in which the federal government provides assistance to prepare Americans for their careers. The government's approach to funding, promoting, and prioritizing skills and technical training programs needs to be appropriately aligned to help individuals attain the skills needed for today's higher paying jobs at a cost they can afford."

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U.S. Senate Committee on Homeland Security and Governmental Affairs: https://www.hsgac.senate.gov/
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