Re:Finding ROI in Higher Education
by wooyi on Monday December 22, 2014 @12:17PM
(#8783947)
The US government has proposed a draft framework on ranking higher ed institutions based on Outcome. This gets closer to the ROI model for evaluating any program/college.
Access
-Percentage of students receiving Pell grants
- Expected Family Contribution Gap.
- Family Income Quintiles: number of students from low and moderate income families.
- Percentage of First-Generation Students
Affordability
- Net Price: what a student actually pays (cost of attendance minus financial aid).
- Net Price by Income Quintile: what a student actually pay by income class.
Performance
- Completion Rates.
- Transfer Rates
- Labor Market Success: The most controversial metric by far on the list.
- Graduate School Attendance of Former Students
- Loan Performance Outcomes: A metric to be determined that will examine whether or not students are able to repay their loans after graduation.
http://www2.ed.gov/documents/college-affordability/framework...
TDLR on Metrics:
Access -Percentage of students receiving Pell grants - Expected Family Contribution Gap. - Family Income Quintiles: number of students from low and moderate income families. - Percentage of First-Generation Students
Affordability - Net Price: what a student actually pays (cost of attendance minus financial aid). - Net Price by Income Quintile: what a student actually pay by income class.
Performance - Completion Rates. - Transfer Rates - Labor Market Success: The most controversial metric by far on the list. - Graduate School Attendance of Former Students - Loan Performance Outcomes: A metric to be determined that will examine whether or not students are able to repay their loans after graduation.