CLASP Releases New Credential ROI Dashboard
Last week, the Center for Law and Social Policy (CLASP) and the National Center for Higher Education Management Systems (NCHEMS) released a new interactive tool for the nation and all 50 states to calculate the federal, state, and personal revenues at stake for credential attainment.
The Return on Investment Dashboard tool allows stakeholders to calculate the short- and long-term effects of either maintaining the status quo or increasing postsecondary participation and credential attainment. To remain globally competitive, according to CLASP, the United States will need to produce 24 million additional degrees by 2025 to achieve a 60% degree attainment rate among adults 25 to 64. At current attainment rates, the U.S. is on track to produce just 278,500 additional degrees by 2025 - a significant shortfall.
Using the tool, CLASP estimates that additional national revenues from the 278,500 additional credentials will be about $6 billion. On the other hand, additional national revenue from meeting the 24 million credential mark would top $600 billion.
How does your state fare with the ROI Dashboard? Let us know!
Modified On : May 02, 2012
Type : Post
Viewed : 1842
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