New Tool Shows $600-Billion in Revenue from Additional College Credentials
April 26, 2012 | The Chronicle of Higher Education | Link to article
The United States wants to surge ahead (or at least keep up) in the global tally of adults with postsecondary degrees, a feat tied to competitiveness-and cash, $600-billion of it, according to the Center for Law and Social Policy and the National Center for Higher Education Management Systems. The centers have designed a "Return on Investment Dashboard tool" to let users see, by state, projected increases in revenue from additional college credentials. "At a time when states are facing tough budgetary decisions and many families are struggling, policy makers need to focus on fiscal decisions that will bring real returns," Meegan Dugan Bassett, senior policy associate at the Chicago-based advocacy group Women Employed, said in a written statement. "Investing in helping more people access and complete postsecondary education will bring these returns."
Correction (4/26/2012, 4:16 p.m.): The amount of the projected increase in national revenue from additional college credentials has been corrected in this post. It is $600-billion, not $6-billion.