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The accreditor’s new public-facing dashboards will include data on how long it takes for graduates from different programs to recover educational costs.
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The Accrediting Commission for Community and Junior Colleges is launching new tools to give members of the public more insights into student outcomes at the institutions under its purview.
Those tools include dashboards with different student achievement data points as well as a new metric to gauge return on investment. Like the Western Association of Schools and Colleges Senior College and University Commission, ACCJC is planning to measure ROI using price–to–earnings premium. Developed by Third Way, the earnings premium tracks how long it takes for graduates from different programs to recover educational costs. (This paragraph was corrected to reflect that Third Way developed the tool.)
The accreditor wrote in a white paper on different value metrics that the earnings premium is an “approachable and understandable way for students and their families to discuss the value education adds to earnings potential. It also allows for institutions, reviewers, and policy makers to contemplate a measurable target and drive improvement.”
ACCJC chair Kathleen Burke said in a news release that a key takeaway from developing the white paper and dashboards is that federal policy leaders want institutions to demonstrate their value.
“These efforts by ACCJC help policy makers and the public understand the incredible value proposition offered by ACCJC member institutions,” Burke added.
