60x30TX Higher Education Plan
The 60x30TX (“60 by 30 Tex”) higher education strategic plan contains four broad goals. Each goal contains a set of targets that will move the state toward reaching one or more goals. Many stakeholders across Texas will need to develop and implement a wide range of strategies to meet each target. Below is a summary of the four goals.
THE OVERARCHING GOAL: 60x30 Educated Population
By 2030, at least 60 percent of Texans ages 25-34 will have a certificate or degree.
The first goal in the plan, the 60x30 Educated Population 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. Through the focused efforts of industry, government, community organizations, K-12, and institutions of higher education, the state can achieve this goal.
THE SECOND 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 60x30 Educated Population 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 60x30 Educated Population goal and educating a skilled workforce, but it is only part of the solution for reaching that goal.
THE THIRD 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 FOURTH GOAL: 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.
For more information about the plan, including insight on the importance of and reasoning behind the plan, and annual statewide, regional and institutional progress toward each goal, please visit 60x30TX.com.