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The Economic Impact of Increasing College Completion

Posted: October 26, 2017
Authors: Sophia Koropeckyj, Chris Lafakis, Adam Ozimek
Organizations: American Academy of Arts & Sciences, Moody's Analytics

A new paper seeks to determine when the economic benefits to individuals and the national economy from a college completion boost would begin to outweigh investment costs. “The analysis shows that beginning in the 11th year of the program, the cost-benefit balance begins to turn around, and in every year thereafter output and earnings in the economy are higher than they would have been without the investment,”said Michael S. McPherson, who co-chairs the academy’s Commission on the Future of Undergraduate Education.

The Economic Impact of Increasing College Completion