The Urban Institute’s New Research Report Takes A Look At Earnings Growth of At-risk Financial Value Transparency and Gainful Employment Programs Over A Five-Year Period
Overview
For months CSPEN has been sharing updates on the development of a research report intended to provide important data on the earning potential of individuals in traditionally low starting income occupations/jobs and their future growth of their earnings over a long period of time than two-three years.
Earlier today, The Urban Institute officially released the new Research Report entitled, Measuring Earnings Growth by Field of Study to Inform Higher Education Policy: New College Scorecard Data Reports Earnings up to Five Years after Completion.
Having supported the research, CSPEN wants to make certain that our community is the first to learn what the data and analysis of the report shows and how the Urban Institute believes their findings should be used by Congress and/or the Department of Education, and/or States in the consideration of any debt-to-earnings metrics.
To that end, we have requested that one of the two authors of the Research Report, Jason Delisle, join us on tomorrow’s CSPEN Federal Legislative & Regulatory Update webinar to provide an overview of the report’s intent and findings. This initial presentation will be followed by a deeper look at the data on a future CSPEN webinar.
Background
The initial draft results of the research report were first shared with attendees at CSPEN’s 10th Annual Conference, and the findings were very interesting. The initial analysis of the data generated directly from the College Scorecard over a five-year period produces some noteworthy results throughout every credential level from certificate/diploma, to associates, bachelor’s and master’s degrees. While some of the forecasts of future earnings growth are reflected in the data, others are still slower to gain economic traction. But they are still reflecting increased earnings growth, just not as rapid as other vocations with low starting earnings.
What’s Next
CSPEN, as a supporter of the research report, plans to share the findings with both Federal and State officials to give them more hard data to take into consideration as the discussions on debt-to-earnings and ways to assess the quality and success of the delivery of educational programs are developed, enacted or promulgated.
