Certificates are the fastest growing form of postsecondary credentials in the nation, surpassing associate and master’s degrees as the second most common award in higher education after the B.A., according to a report released on Wednesday by the Georgetown University Center on Education and the Workforce.
Postsecondary certificates made up 22 percent of awarded credentials in 2010, compared with just 6 percent in 1980. Over that time, the number of certificates awarded annually has increased from 100,000 to one million. Their appeal is growing because they are affordable, take less than a year to complete, and often lead to higher earnings, compared with receiving an associate and sometimes even a bachelor’s degree, the report says.
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