USA Funds, a large nonprofit student loan guarantor, this week announced $3.5 million in funding for four initiatives to measure the value of college. Recipients include the Indiana Commission for Higher Education, which has developed program-level return-on-investment reports, and the National Center for Higher Education Management Systems, which is comparing degree production to employer demand in specific regions. Projects from the U.S. Chamber of Commerce Foundation and the National Skills Coalition also received grants.
Common threads in the four efforts, USA Funds said in a written statement, are that they are based on the program level -- rather than institutionwide looks -- and they compare the costs of education with returns from employment and wages as well as measures like job satisfaction.
"By supporting these new models in 12 states, we are developing powerful new tools to help students find a more direct path through education and training to rewarding careers," said William Hansen, USA Funds president and CEO.
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