Economic Success Measures - Florida

Back to the previous page

Definitions

Area of Study

The Area of Study, Area of Study (CIP) Code, and Program refer to the Classification of Instructional Program developed and maintained by the U.S. Department of Education's National Center for Education Statistics (NCES). According to NCES, “The Classification of Instructional Programs (CIP) provides a taxonomic scheme that supports the accurate tracking and reporting of fields of study and program completions activity. CIP was originally developed by the U.S. Department of Education's National Center for Education Statistics (NCES) in 1980, with revisions occurring in 1985, 1990, 2000, and 2010.” For more information about CIP codes, please visit NCES’s website: http://nces.ed.gov/ipeds/cipcode/.  For school district technical centers and college non-college credit programs, Florida uses a 10- digit CIP code for the classification of programs.  The middle 6-digits are part of the NCES taxonomy.

Number of completers

The total number of students who completed or graduated from the program in the cohort.

Employment Records 

The employment data is obtained from the Florida Unemployment Insurance (UI) Wage Records provided by the Florida Department of Revenue.

First Year Full-Time Earnings 

The wages earned by the graduates/completers during the 4th quarter (Oct.- Dec.) following graduation. The wages are equal to or exceeding the full-time threshold. The full-time threshold equals the hourly minimum wage, multiplied by 40 hours per week multiplied by 13 weeks. The wage is annualized by multiplying by four.

Total Found Employed Percent

The number of graduates/completers with earnings divided by the total number of graduates/completers.

Total Found Employed Full-time Percent

The number of graduates/completers with earnings at or exceeding the full-time threshold divided by the total number of graduates/completers.

Median First Year Earnings 

The median is the middle score in a distribution and graduate earnings figures reported here reflect a five year median.  Annualized 4th calendar year quarter (October, November & December) wages for each year were arranged by college from lowest to highest and the middle value was selected for each college and from a combined sorted statewide list. 

Found Continuing Education Percent 

Number of graduates/completers found enrolled in Florida public university, college, or district career & technical education programs in the Fall and Spring semester following graduation or completion of an educational program divided by the total number of graduates/completers.

Public Assistance Percent

Number of graduates/completers who received Food Stamps or Temporary Assistance for Needy Families (TANF) during the 4th quarter of the year divided by total number of graduates/completers. 

Student Loan Debt 

The average student loan debt represents the total amount of student loans for 2013-2014, at an educational institution, divided by the number of students attending the school for the same period.

Back to the previous page

Beyond Education

Welcome to Economic Success Measures – Florida

Section 445.07, F.S., requires the Florida Department of Economic Opportunity to make available, to the public, an on-line tool that provides students, parents and others with outcome information on the employment and earnings of Florida graduates from public institutions of higher education - state universities, state college institutions, and district technical centers.

The data source for this information is the Florida Department of Education’s Florida Education and Training Placement Information Program (FETPIP) and Office of Student Financial Assistance.

Outcome data relating to employment, earnings, continued education, etc., can be viewed in several ways:

  1. Outcome information for graduates/completers in their first year after graduation for a five year period.  (Graduates/completers in 2009-2010, 2010-2011, 2011-2012, 2012-2013 and 2013-2014.)
  2. Outcome information for 2013-2014 graduates/completers in their first year after graduation/completion; and,
  3. Outcome information for graduates/completers in their first year after graduation/completion and five years later (i.e., what the graduates/completers’ outcomes are in their first year of completion (2009-2010) and what they are in 2013-2014.)  There will be two drop downs showing 1st year and 5th year outcomes.

Note: Outcomes displaying an asterisk (*) means there is less than 10 graduates/completers in that program so results are suppressed. 


Converting Data into Meaningful Information

While this online tool provides a valid and reliable measure of the benefits of a college degree or career certification, it is important that the consumer is aware of limitations on what can be inferred from the data provided:

Earning a degree or credential is a large and valuable investment of time and effort.  Paying for college is likewise a significant financial investment.  Although a student’s choice of major is a personal decision, information about employment and earnings upon graduation can provide informed and realistic preparation and expectations.  It is important to note that the earnings of graduates of any program reflect a variety of factors independent of the graduate’s educational experience, (e.g., their background, the local job market, where the graduate lives and works (rural/urban) and more.)  Nonetheless, these data can be an important tool for students, parents, and others.