Tag: LongTerm

  • Dual Enrollment’s Long-Term Effects on Student Earnings

    Dual Enrollment’s Long-Term Effects on Student Earnings

    Title: Do Dual Enrollment Students Realize Better Long-Run Earnings? Variations in Financial Outcomes Among Key Student Groups

    Authors: Navi Dhaliwal, Sayeeda Jamilah, McKenna Griffin, Dillon Lu, David Mahan, Trey Miller, and Holly Kosiewicz

    Source: The Research Institute at Dallas College and University of Texas at Dallas

    Dual enrollment partnerships between school districts and colleges and universities provide an opportunity for high school students to enroll in college courses, often saving them time and money. However, the long-term impacts of dual enrollment have not been studied in depth, and the existing body of research offers mixed results. A recent working paper reveals many dual enrollment students experience long-term economic benefits, although outcomes vary based on race and socioeconomic status.

    In the study, students from the 2011 graduating class across 22 Texas school districts were tracked and examined, contrasting the outcomes of students that participated in dual enrollment against those that did not. Ultimately, by the sixth year after graduation, dual credit students were earning more than their peers. Students earned 4 to 9 percent more annually between year six and year 12.

    Additional highlights from the working paper include:

    • Many dual enrollment participants benefited from higher earnings than non-participants in years six through twelve after high school graduation, but not all student subgroups saw significant benefits.
    • African American, Hispanic, and limited English proficient students experienced smaller increases in long-term earnings outcomes.
    • Economically disadvantaged and African American students that enrolled in dual credit programs also reported higher levels of student loan debt compared to non-participants. For example, there was an $831 to $855 increase in student debt from year three to four for economically disadvantaged dual credit students, and a $1,231 to $1055 increase in student debt from years one to four for African American dual credit participants.

    To read the full report, click here.

    —Austin Freeman

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  • State Dashboards Help Students See Higher Education’s Long-Term Value

    State Dashboards Help Students See Higher Education’s Long-Term Value

    Title: Bridging Education and Opportunity: Exploring the ROI of Higher Education and Workforce Development

    Author: Paula Nazario

    Source: HCM Strategists

    New insights from HCM Strategists highlight how continued state investments in higher education are creating pathways to economic mobility, with the majority of degree programs delivering increased earnings and a solid return on investment (ROI). However, despite the continued success and quality of many degree programs, both students and the public have increased concerns about whether postsecondary credentials are worth the time and money.

    If consumers do not understand the ROI of their credentials, this can contribute to decreased enrollment, funding, and research, which would in turn produce broader economic and social consequences. While the data are clear that a majority of postsecondary programs do pay off, there are many degrees that fail to provide a measurable ROI. HCM Strategists’ recent analysis of College Scorecard data shows that the average student at over 1,000 institutions earns less 10 years after they first enrolled than the typical high school graduate. While nearly two-thirds of these institutions are certificate-focused, for-profit institutions, there are still many private nonprofit and public colleges that do not provide strong economic outcomes.

    To help students and the public understand the differences between institutions and degree programs that provide positive and negative value, the author of the brief urges states and policymakers to provide clear data on post-graduation outcomes. Some states have already advanced initiatives to help consumers see in real time the differences in earnings for those that enroll in higher education.

    The author highlights several states initiatives that help students see the value of their credentials including California Community Colleges’ Salary Surfer tool, the Texas Higher Education Coordinating Board’s student outcomes dashboards and reports, and the Virginia Office of Education Economics’ College and Career Outcomes Explorer. Ohio and Colorado are also highlighted for their investments in employer partnerships to expand graduates’ opportunities for well-paying and workforce relevant jobs.

    To read more on these new insights from HCM Strategists, click here.

    —Austin Freeman

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