Will Bill & Melinda Gates crack the value of college question?
Reported by The Chronicle of Higher Education, in a time of growing skepticism regarding whether or not a college degree is truly worth the cost, the Bill & Melinda Gates Foundation have created The Commission on the Value of Postsecondary Education.
This national effort is an attempt to go further than existing tools like the College Scorecard, breaking down salary, debt and loan repayments to the program level to understand the economic value of different certificate and degree programs from each respective college and university – to better educate students as to the true value of their degree prior to committing to it.
Of course, this economic-only prism ignores the noneconomic returns such as critical thinking skills, civic participation, mental health, and more.
The takeaway? While most of this pricing and economic data already exists elsewhere, transparency is almost always a good thing. So let’s make sure our own students are achieving the economic outcomes we’d like them to. Because if not, and this committee finds success, our prospective students will be able to see that not all our degree programs appear to be the same level of “worth it”.
May you continue to fight the good enrollment growth fight at your institution today, and we’ll see you again tomorrow.
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