How To Calculate Your College Education Return On Investment

forbes | March 27, 2019

With all the talk about changes to student loan repayment plans, popular student loan forgiveness programs potentially ending, and now limits on student loan borrowing, it's essential that you fully understand what your college return on investment (ROI) is.Going to college is an investment - just like buying stocks or investing in real estate. You are spending money (tuition, room, board, and more) with the goal of earning more money in the future - due to better paying jobs and opportunities.And this has shown to be true for the last several decades according to the National Center for Education Statistics. Adults who complete a bachelors degree, on average, earn 57% more than those who are high school graduates. That's a significant boost in earnings. But, if you spend too much to achieve it, it might not be worth it. When you're 17 or 18 years old, thinking about your lifetime return on investment of your college expenses is challenging. When you're that age, it's hard to even plan what classes to take, let alone your college major, future career, the implications of borrowing money to pay for school.

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Spotlight

Join Professor Brian Hallett, an expert in Visual Communication and Branded Content, as he unveils the transformative power of AI in education at IE University. Discover how IE University empowers students to embrace AI as a valuable tool for creativity and critical thinking. Witness real-life examples where AI enhances students' inventions and analyses, raising the bar for excellence. Experience the future of personalized learning, where AI and humans collaborate to create a dynamic and enriching academic environment. Hit play now and unlock your true potential with AI-enhanced education at IE University! IE University

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Education Technology

TutorMe Selected as Approved Vendor for New Jersey Department of Education High-Impact Tutoring Grant

PRnewswire | August 16, 2023

TutorMe, a one-to-one, online tutoring solution from leading digital learning company GoGuardian, today announced it has been selected by the State of New Jersey Department of Education (NJDOE) as a qualified vendor for their new high-impact tutoring program. The Learning Acceleration: High-Impact Tutoring initiative, launching for the 2023-24 academic school year, will provide targeted funding to local education agencies (LEAs) for high-dosage, intensive tutoring for students, with a priority of students in grades three and four. The NJDOE is supporting LEAs' efforts to respond to students' increased academic needs and the necessity to accelerate learning by launching a state-supported tutoring initiative. To apply for the program, school districts must use the Electronic Web-Enabled Grant System (EWEG) online application system on the NJDOE's Homeroom web page. Grant applications must be submitted by Sept. 20, 2023. Districts that receive the grant will then be given a list of pre-approved tutoring providers, including TutorMe, which will be available to support the tutoring services offered through the grant program. "High-dosage tutoring is proven to be an incredibly effective educational strategy for improving student learning outcomes, and we commend the State of New Jersey for implementing this critical grant program," said Luke Harris, Chief Revenue Officer at GoGuardian. "TutorMe is proud to be a part of this initiative that will not only support students, but also deliver added in-classroom support to teachers working diligently to provide personalized learning experiences." The NJDOE is the latest state education agency to partner with TutorMe for state-wide tutoring initiatives. In 2022 the Texas Education Agency included TutorMe as an approved provider for their Vetted Texas Tutoring Corps Program. TutorMe, which has completed more than one million live tutoring sessions, offers high-impact, personalized tutoring for learners across the country. TutorMe's platform allows students to connect with a tutor to collaborate in real-time during live sessions, with the option to engage face-to-face in a safe digital environment. About TutorMe TutorMe's platform is further enhanced by the company's unique RAISE Approach, which translates the learning methodologies in TutorMe's evidence-based logic model into a framework for tutors to support student engagement. The RAISE Approach is centered on the guiding principles of asking questions and providing feedback, followed by rapport-building, assessment of prior knowledge, individualized instruction, structured practice, and encouragement. This approach results in more engaged students, leading to positive learning outcomes. About GoGuardian GoGuardian aims to help all learners feel ready and inspired to solve the world's greatest challenges by combining the best in learning and science technology across every part of the learning journey. Our award-winning system of educational tools, which includes Giant Steps, Pear Deck, and GoGuardian Teacher for learning engagement; Edulastic for formative assessments; TutorMe for virtual on-demand tutoring; and GoGuardian Admin and Beacon to support student safety, is purpose-built for K-12 and trusted by school leaders to promote effective teaching and equitable engagement while empowering educators to help keep students safe.

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Online Education

FP Canada™ Chooses Meazure Learning to Continue Administration and Delivery of Its Certification Exams

PRnewswire | July 26, 2023

Meazure Learning, a leading provider of end-to-end test development and delivery solutions for higher-education and professional testing organizations, today announced its continued partnership with FP Canada, a national not-for-profit education, certification, and professional oversight organization for financial planning in Canada. The agreement extends FP Canada's partnership with Meazure Learning for an additional five years. FP Canada grants and oversees the Certified Financial Planner® certification and Qualified Associate Financial Planner™ certification in Canada. CFP® professionals and QAFP® professionals have demonstrated that they have the knowledge, skills, experience, and ethics required to meet the financial planning needs of Canadians. Meazure Learning partners with FP Canada to deliver its certification exams securely across multiple modalities, providing convenience for candidates on the path to certification while also protecting valuable exam content. Candidates have the flexibility to take exams from home, through Meazure Learning's market-leading ProctorU Proctoring Platform, or in person through the Meazure Learning Test Center Network of highly secure professional sites throughout Canada. Meazure Learning is committed to providing a fair, equitable, and high-quality experience for every test-taker. "Exams are a critical step along FP Canada's paths to certification, and it's important for us to have a partner who helps us administer exams securely and reliably," said Tashia Batstone, President and CEO of FP Canada. "We are excited to continue this long-standing, collaborative partnership with Meazure Learning." "Meazure Learning is proud to provide the highest level of service to FP Canada and its stakeholders," added Timothy McClinton, Meazure Learning CEO. "Over the last 11 years, the two organizations have learned from each other and grown together to meet the needs of aspiring financial planning professionals throughout Canada. We are honored to continue our joint mission of moving each other—and the Canadian financial planning profession—forward." About Meazure Learning Meazure Learning provides secure, reliable, and convenient test development, administration, and delivery solutions for academic and professional credentialing programs. The tech-enabled services company combines human expertise with end-to-end software solutions to provide its suite of services and achieve the optimal testing experience. With remote, test center, hybrid, and event-based delivery capabilities, it adapts to the unique needs of each exam program and test-taker. Meazure Learning empowers its clients, test-takers, and industry leaders through its mission to move people forward in their educational, professional, and personal lives. About FP Canada Established in 1995, FP Canada is a national not-for-profit education, certification and professional oversight organization working in the public interest. FP Canada is dedicated to championing better financial wellness for all Canadians by leading the advancement of professional financial planning in Canada.

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Talent Development

Alabama Community College System Selects the Instructure Learning Platform to Extend Access to Underserved Communities

PR News Wire | August 31, 2023

Instructure, the leading learning platform and maker of Canvas, today announced that the Alabama Community College System (ACCS), the system of public community colleges in Alabama, has selected the Canvas learning management system (LMS) as part of a major statewide initiative to transform and modernize its learning experience and increase student success. By unifying the learning experience on Canvas LMS along with Canvas Studio, Impact by Instructure and Canvas Credentials, educators across the state can access foundational, evidence-based edtech solutions to support their instruction. Comprised of 24 community and technical colleges, ACCS offers 2-to-4-year transfer, dual enrollment, technical training, adult education and community education for Alabama residents. In 2021 ACCS expanded its usage of Canvas to 12 member institutions. After a successful implementation, increased student access due to a robust mobile application, increased reliability due to decreased downtime and an improved user experience, ACCS now expands its investment by choosing a statewide deployment of Instructure Learning Platform solutions. The proposed solution, which is backed by research and ensures a consistent learning experience across the state, provides a proven approach to extending access at scale. The statewide implementation of the Instructure Learning Platform solutions will be available to all ACCS students by fall of 2024. The statewide implementation is a key milestone for Chancellor Jimmy H. Baker, whose efforts to modernize and streamline operations has improved the department's focus on the needs of higher education students. By scaling operations, including information security, IT and a consolidated approach to edtech, ACCS can now address challenges in a more effective and efficient manner. "Anything that Alabama's community and technical colleges can do to consistently deliver higher education and training in an accessible way that leads our residents to finding their best success is why we exist," said Baker. "We have seen through our academic programs and work-based learning programs, such as Skills for Success and Alabama Career Essentials, that a resident's ability to start their student experience on one platform opens the door to a wealth of other training opportunities throughout our community and technical colleges across the state." "ACCS and the state of Alabama are taking a giant leap forward with accessibility as they address learning deserts, or areas where students traditionally have less access to educational resources and opportunities," said Steve Daly, CEO of Instructure. "We're honored to play a significant role in elevating student success and amplifying the power of teaching throughout Alabama." Alongside Canvas, ACCS students will benefit from Impact by Instructure, a data and analytics solution that improves adoption and evaluates the impact of edtech. Educators and administrators can use these insights to make informed decisions and evolve educational offerings to best suit the needs of students. With access to this timely data, ACCS can help students accelerate the completion of programs and enable them to take any program at any institution statewide. Extending needed educational moments to students in every circumstance will lead to a new generation of educated learners previously excluded. "As a unified system of community colleges, utilization of a common Learning Management System makes sense," said Cynthia Anthony, President of Lawson State Community College. "One of our goals is to eliminate barriers that hinder seamless student experiences. I think a single LMS is a win-win for our students and colleges. We must look at the big picture and remain laser-focused on student success." The ACCS investment further magnifies the impact of the ACCS Innovation Center, an ambitious effort bringing together the state's community colleges, business, industry and community partners to deliver rapid, industry-recognized non-credit training within some of the state's most in-demand career fields. Adding Canvas Credentials to the training programs will play a key role in allowing learners to demonstrate skill mastery in a competitive workforce. "The strategic decision for the Alabama Community College System to have a standardized Learning Management System will simplify the learning process for students that take classes at different community colleges or transfer to another system college, which is significant," said Todd Shackett, President of Southern Union State Community College. "Additionally, it will allow colleges to more easily share faculty and curriculum across schools for better service and more efficiency." This far-reaching program serves as a model for other states seeking to address complex problems prevalent in modern learning environments, such as equitable access and student engagement. By implementing an all-Canvas Higher Education system throughout the state, Alabama promotes continuity and a consistent mobile-ready learning experience which shrinks learning deserts. The Instructure Learning Platform brings together students, instructors, and tools for a familiar digital learning environment in the physical, blended, or online classroom. ABOUT INSTRUCTURE Instructure is an education technology company dedicated to elevating student success, amplifying the power of teaching, and inspiring everyone to learn together. Today the Instructure Learning Platform, comprised of its flagship product Canvas LMS and several products serving K-12 and higher education, supports tens of millions of educators and learners around the world.

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