Education > Postsecondary > Number Of Institutions > Four Year (vs)
Economy > GSP > Compensation of Employees > Hospitals and nursing and residential care facilities
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Strength of correlation (R squared): 0.934 (this correlation is very strong)
This is the count of four-year, postsecondary institutions that are eligible for Title IV federal financial-aid programs and grant an associate's or higher degree. For an institution to be eligible to participate in Title IV financial-aid programs it must offer a program of at least 300 clock hours in length, have accreditation recognized by the U.S. Department of Education, have been in business for at least 2 years, and have signed a participation agreement with the Department. A four-year institution offers programs of at least 4 years duration or programs at or above the baccalaureate level. They include schools that offer postbaccalaureate certificates only or those that offer graduate programs only. They also include free-standing medical, law or other first-professional schools.
Hospitals and nursing and residential care facilities, Compensation of Employees (current dollars) Compensation of Employees is a statisical term which refers to the total gross (pre-tax) wages paid by employers to employeesfor work done in an accounting period, such as a quarter or a year. It represents roughly the total labor cost to an employer.
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