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The Lumina Foundation on Monday released a revised strategic plan for achieving its goal of 60 percent of Americans holding a college degree, certificate or other high-quality credential by 2025. The foundation has released a new plan every four years since first proposing the goal in 2008.

The latest iteration provides a more detailed breakdown of the 16.4 million Americans who will need to earn a credential to meet the goal. About 4.8 million are traditional-age students who now are not likely to earn a college degree or certificate. Another 6.1 million are potential returning adult students, who attended college but did not earn a credential. The final group is 5.5 million with no college credits -- 64 million Americans fit this description, Lumina said.

"Through the work we’ve done under our first two strategic plans, we have learned what it will take to reach the goal. But we also have learned that the changes that must be made are not mere tweaks. Modest, incremental improvement will not suffice. Indeed, fundamental redesign is required," the report said. "We must move from a system that is centered on institutions and organized around time to one that is centered on students, organized around high-quality learning and focused on closing attainment gaps. In short, we must build a true system of postsecondary learning from the disconnected and fragmented pieces we have now."