Kansas: The Return on Investment to Increasing Postsecondary Credential Attainment

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Kansas Must Improve College Participation and Credential Attainment Rates to Remain Competitive

  • To remain globally competitive, the U.S. and each state should ensure that at least 60% of adults ages 25 to 64 have an associate or bachelor’s degree by 2025. In Kansas, the current rate is 40.5%.
  • Kansas ranks 34th among 50 states in the size of the degree gap it needs to fill. To meet the 60% goal, it will need to produce an additional 169,058 degrees by 2025.
  • By achieving rates of the top-performing states, Kansas can produce about 72,000 bachelor’s degrees, 61,000 associate degrees and 55,000 certificates by 2025.

 

Meeting Credential Goal Produces Significant Personal Economic Return

 

Per capita income increases when the state meets 60% credential attainment goal

  • Under current postsecondary investment patterns, annual personal per capita income in Kansas is projected to decrease by about $57 in 2025.
  • By meeting the 60% credential attainment goal, annual per capita income would increase significantly more, by approximately $1,100 in 2025.

 

 

Meeting Credential Goal Produces Significant Economic Returns to the State

Status quo produces negative returns

Under current postsecondary investment patterns, Kansas’ state revenues will decrease by about $22 million in 2025.

Meeting 60% credential goal pays off

Under current postsecondary investment patterns, Kansas’ state revenues will decrease by about $440 million in 2025. 

 

State Revenues Exceed Costs When Credential Goal is Met

Status Quo: Costs exceed revenues

Under current postsecondary investment patterns, Kansas’ postsecondary costs are negative, but so are state revenues. By 2025, revenues are about $6 million below costs.

 

Meet 2025 goal: Revenues exceed costs

By meeting the 60% credential attainment goal, Kansas’ revenues exceed postsecondary costs by approximately $240 million in 2025.

 

This analysis was prepared using the CLASP-NCHEMS Return on Investment Dashboard tool.  See clasp2022.tealmedia.dev/ROIdashboard