American Student Assistance (ASA) has announced a significant $25 million investment in Jobs for the Future (JFF). This funding will establish the ASA Center for Career Navigation at JFF and bolster JFF’s North Star goal, aiming to enhance career readiness for young people aged 16-24 by providing resources and support for navigating education and career options.
Investment Breakdown
- Total Award: $25 million
- ASA Center for Career Navigation: $15 million
- JFF’s North Star Goal: $10 million
Goals and Objectives
- Empower Young People:
- Help 20 million young learners by 2030 to explore and navigate quality education and career pathways.
- Focus on individuals facing systemic barriers and those who are neither in school nor employed.
- Develop Resources:
- Create a comprehensive, free digital platform to guide young people in education and career paths beyond a college degree.
- Raise awareness about career navigation and nondegree pathways through thought leadership, market research, and policy advocacy.
Skills-First Movement
- Degree Requirements:
- At least 18 states have removed degree requirements for jobs.
- Predictions suggest only 42% of jobs in 2031 will require a bachelor’s degree.
- Support for Employers and Providers:
- Help employers identify skilled workers and relevant certifications.
- Assist education and training providers in engaging and enrolling young people.
Key Statements
- Jean Eddy, President and CEO of ASA:
- “This investment reflects our commitment to improving career readiness and providing equitable access to career navigation resources.”
- Maria Flynn, President and CEO of JFF:
- “We are excited about the potential of the ASA Center for Career Navigation and invite stakeholders to collaborate on building a future with diverse learning pathways.”
The ASA’s $25 million investment marks a pivotal moment in career readiness for young people, addressing the need for accessible, high-quality resources to navigate educational and career options. The ASA Center for Career Navigation will play a crucial role in bridging the information gap and supporting the skills-first movement.
