How many students successfully graduate from private career colleges? Do graduates find jobs and are these jobs related to their training? How many students pay back their student loans?
Since 2013, Ontario’s private career colleges – or PCCs – have worked with the ministry and its partners to gather data to answer these questions. The data is used to develop measurable values called key performance indicators – or KPIs.
KPIs show how graduates have fared after graduating from PCC vocational programs. They help future students make more informed decisions about their postsecondary education and help institutions identify areas of strength and weakness and opportunities for improvement.
Under the authority of the Private Career Colleges Act, 2005, the Superintendent of Private Career Colleges issued a policy directive setting out five PCC KPIs:
Graduation rate is calculated from audited data submitted by PCCs three times per year. The other four KPIs are calculated from surveys taken by graduates and their employers.
The ministry also calculates Ontario Student Assistance Program (OSAP) loan default rates for PCCs approved to accept OSAP-assisted students, which are also considered a performance indicator for the sector.
Published 2013 results include graduation rate, graduate employment rate, graduate employment rate in field of study and loan default rates. Graduate and employer satisfaction rates will also be published, beginning with 2014 results.
For the 2013 and 2014 cycles, only PCCs with OSAP-approved programs were required to participate in the KPI process. All PCCs are included in the 2015 cycle.