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It summarizes enrollments, training completions, credential attainment rates, student and participant demographics, and cost information such as average tuition and average state cost per credential. 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This grant program, the first of its kind in the nation, provides a pay-for-performance model for funding noncredit workforce training that leads toa credential in a high-demand field. The program also includes requirements for students to complete the program to avoid paying additional costs. A summary of the major components of the program is ","cbCaisbFMlhFmYWp","https://ap.wps.com/l/cbCaisbFMlhFmYWp","pdf",907870,25,"English","# Purpose of This Report\n# Summary of Findings for FY 2025\n## Program Purpose\n## History of Funding\n## Program Requirements and Pay-for-Performance Model\n## High-demand Field and Training Alignment Process\n## Training Programs Offered by Eligible Institutions\n## Enrollment, Training and Credential Completions and Costs\n## Training Offered in 12 High-Demand Occupational Fields (SOC)\n## Top Training Programs and Alignment to Annual Job Openings\n## Training Completion Rates and Credential Completion Rates\n## Participation and Completion Rates by Institution\n## Student Demographics\n## Earnings Outcomes\n## Limitations\n## Methodology\n## Additional Observations and Next Steps\n## Conclusion","[{\"question\":\"What is the purpose of the New Economy Workforce Credential Grant Program?\",\"answer\":\"The program is designed to fund noncredit workforce training that leads to credentials in high-demand fields, using a pay-for-performance model and requiring completion to avoid additional costs.\"},{\"question\":\"What key performance results were reported for FY 2025?\",\"answer\":\"FY 2025 included 18,858 enrollments, with 17,751 completing training and 13,165 earning credentials. Completion rates averaged 94%, and credential completion rates averaged 70%.\"},{\"question\":\"How were earnings outcomes assessed in the report?\",\"answer\":\"Earnings outcomes were analyzed using records that SCHEV was able to match with VEC UI wage data, showing participants’ wages improving by an average of 39% after graduation for those matched.\"}]","New Economy Workforce Credential Grant Annual Report 2025 | PDF",1792061368,63]