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Mr. KAINE. Mr. President. In today's economy, approximately 80 percent of jobs require some form of postsecondary education or training beyond the high school level. The National Skills Coalition estimates that nearly half of all job openings between now and 2022 will be middle skill jobs that require post high school training, but not a four-year degree. While the number of students pursing postsecondary education is growing, the supply of skilled workers still falls short of industry demand. According to the Bureau of Labor and Statistics 7.3 million U.S. jobs are currently vacant in part because of a shortage of qualified workers.
Our Federal higher education policy must be modernized to meet the needs of students and employers. Under current law, Pell Grants--needs- based grants for low-income and working students--can only be awarded to students attending programs that are over 600 clock hours or at least 15 weeks in length. These grants cannot be used to offset the cost of targeted, short-term training programs offered at community and technical colleges that help students obtain employer-recognized credentials. When it comes to higher education, Federal policies need to support the demands of the changing labor market by increasing access to career pathways that align with industry demand. According to the Georgetown University Center on Education and the Workforce, shorter-term educational investments pay off--the average postsecondary certificate holder has 30 percent higher lifetime earnings than individuals with only a high school diploma.
Today, I am pleased to introduce with my colleague, Senator Portman, the Jumpstart Our Businesses by Supporting Students or JOBS Act. The JOBS Act would close the skills gap by extending Pell Grant eligibility to high-quality, short-term job training programs offered at community colleges and other public institutions, so workers can afford the instruction they need to be successful in today's job market. Under the legislation, Pell-eligible job training programs are defined as those providing at least 150 clock hours of instruction time over a minimum of 8 weeks. Eligible job training programs must also provide students with licenses, certifications, or credentials that meet the hiring requirements of multiple employers in the field for which the job training is offered.
The JOBS Act also ensures that students enrolling in Pell-eligible short-term programs are earning high-quality postsecondary credentials by requiring that the credentials meet the standards of the Workforce Innovation and Opportunity Act, are recognized by industry or sector partnerships, and align with the skill needs of industries in States or local economies. Job training programs under this Act must also be evaluated by an accreditor and the State workforce board for quality and outcomes. The Virginia Community College System has identified approximately 50 programs that would benefit from the JOBS Act including in the fields of manufacturing, architecture/construction, energy, health care, information technology, transportation, and business management and administration.
The JOBS Act is a commonsense, bipartisan bill that would help workers and employers succeed in today's economy. As Congress works to reauthorize the Higher Education Act, I am hopeful that my colleagues will join me in advocating for Pell Grants to be made available to individuals enrolling in high-quality, short-term training programs that lead to industry-recognized credentials and good paying jobs.
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