Increasing College Access and Success: Investing in Human Capital. MAP Capital Investment Bonds Presentation to Higher Education Finance Commission September 23, 2010. Students-in-Need Do Not Complete College.
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Increasing College Access and Success: Investing in Human Capital
MAP Capital Investment Bonds
Presentation to Higher Education Finance Commission
September 23, 2010
Source: Goldberger, Susan, “Doing the Math: What It Means to Double the Number of Low-Income College Graduates,” Minding the Gap: Why Integrating High School with College Makes Sense and How to Do It, 2007.
Source: ISAC Databook, 2009
Applications and Number of Eligible Students Continue to Rise while Funding is Level
Source: Georgetown University Center on Education and the Workforce, Help Wanted: Projections of Jobs and Education Requirements through 2018, June 2010, Figure 5.6
State Return to Education: Income Taxes Increase
Source: ISAC Analysis of Illinois Dept. of Revenue data
Source: ISAC data collection and analysis
Source: Loop Capital Markets analysis for ISAC
Other studies find similar returns to higher education investment as ISAC/DOR Analysis
2007 NIU Study Finds Comparable Pattern of Earning Increases from Community College Completion
NIU and ISAC Analysis Find Similar Impact from Community College
Percentage of Earnings Increase by Age and Gender
Source: “Do Displaced Workers Benefit from Community College Courses? Findings from Administrative Data and Directions for Future Research, Louis Jacobson, Robert LaLonde, Daniel Sullivan, Hudson Institute Center for Employment Policy, October, 2005 http://ssrn.com/abstract=1020996
“[I]t is worthwhile for the federal government to invest in federal student aid if the per-student cost is less than about $57,000.”
Source: Mark Kantrowitz, “The Financial Value of a Higher Education, NASFAA Journal of Student Financial Aid, Vol 37, No1, 2007
Net Present Value of College Degree and Federal Income Tax, 2005
Details on MAP Program