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A First Try at ROI: Ranking 4,500 Colleges

Anthony Carnevale, Ban Cheah, and Martin Van Der Werf of Georgetown University’s Center on Education and the Workforce issued a report ranking the ROI of all 4,500 colleges and universities listed in the College Scorecard.

Included among the researchers’ notable findings:

  • Community college and many certificate programs have the highest ROI in the short term (10 years).
  • Colleges that primarily award bachelor’s degrees have the highest ROI in the long term (40 years).
  • Public colleges have higher ROI than private colleges in the short term.
  • Degrees from private nonprofit colleges generally have a higher ROI in the long term than public universities.

Prelude to a Pricing Paradigm Shift

 

Ryan Craig’s opinion piece in Inside Higher Ed last week queried why tuition for online programs hasn’t tumbled given the benefits of technology and scale amassed by some of the largest online institutions. He cites several sources, including the BMO 2019 Education Industry report and a 2017 survey by WCET, noting that the average per credit, in-state cost for an online bachelor’s program is 14% higher than on-ground and that 54% of institutions are charging online students more than those on-ground.

Craig states that regardless of which survey you find most credible, few institutions are charging less for online students. He ponders why this hasn’t happened, stating that some colleges and universities are operating subscale online programs which precludes the benefits of cutting tuition. Others spend as much as $5,000-plus in marketing costs to attract and convert a person to an online student.

Abelard to Apple: The Fate of American Colleges and Universities

Rich DeMillo has a lengthy background in academia serving as a professor at four different universities, Dean of Computing at Georgia Tech College of Computing, Director of the Computer and Computation Research Division of the National Science Foundation, and was Hewlett Packard’s first Chief Technology Officer.  His latest book, Abelard to Apple: The Fate of American Colleges and Universities, developed from a five page memo that he planned to send to his colleagues about what was wrong at his university then evolved to a whitepaper in which he solicited the advice of friends and colleagues, and eventually to a book.