College for All Texans Foundation
The mission of the Foundation is to generate private sector resources needed to ensure the success of the state’s higher education plan, 60x30TX. 60x30TX, the state’s new strategic plan for higher education, is focused on student success over the next 15 years. 60x30TX has four student-centered goals in the areas of attainment, completion, marketable skills, and student debt:
THE OVERARCHING GOAL: 60×30 – By 2030, at least 60 percent of Texans ages 25-34 will have a certificate or degree.
The 60×30 goal is essential to the future prosperity of Texas. Without bold action, Texas faces a future of diminished incomes, opportunities, and resources. The 60x30TX Plan is designed to ensure that a competitive and prosperous future remains for students seeking to better their lives and the lives of their families.
The first goal in the plan, the 60×30 goal, aims to increase the percentage of 25- to 34-year-olds in Texas who hold a certificate or degree. The goal focuses on 25- to 34-year-olds as an indicator of the economic future of the state and its ability to remain globally competitive. The state’s large population makes the Texas economy similar in size to that of many countries. Within this global context, the state has seen a relative decline in educational attainment among this younger population.
The 60×30 goal also uses 25- to 34-year-olds as a yardstick to answer the question: How prepared is Texas for the future? Through the focused efforts of industry, government, community organizations, K-12, and institutions of higher education, the state can respond positively to this question and achieve this goal.
COMPLETION – By 2030, at least 550,000 students in that year will complete a certificate, associate, bachelor’s, or master’s from an institution of higher education in Texas.
The completion goal complements the 60×30 goal by supplying graduates of all ages from all two- and four-year institutions of higher education in Texas. The state will need to continue the degree production increases of recent years to reach this goal, with large increases required among targeted groups. Growth in certificates and degrees among two- and four-year colleges is critical for reaching the 60 percent in the 60×30 goal and educating a skilled workforce, but it is only part of the solution for reaching that goal.
MARKETABLE SKILLS – By 2030, all graduates from Texas public institutions of higher education will have completed programs with identified marketable skills.
The marketable skills goal emphasizes the value of higher education in the workforce. Students need to be aware of the marketable skills embedded in their academic programs, and institutions must make certain that students graduate with marketable skills. This goal charges two- and four-year public institutions in Texas with documenting, updating, and communicating the skills students acquire in their programs. Private institutions of higher education in Texas may opt to participate in this goal.
The marketable skills goal does not diminish higher education’s obligation to produce well-rounded and well-informed individuals familiar with all fields of human activity and with a strong understanding of our country’s founding principles.
STUDENT DEBT – By 2030, undergraduate student loan debt will not exceed 60 percent of first-year wages for graduates of Texas public institutions.
The student debt goal aims to help students who graduate with debt complete their programs with manageable debt. This goal challenges stakeholders to balance the levels of student loan debt with a graduate’s earning potential the first year after college.
The intent of this goal is to hold student loan debt in Texas to 60 percent of first-year wages after college – 60 percent being the current level of loan debt for students who graduate with debt.