New York: The Return on Investment to Increasing Postsecondary Credential Attainment
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New York Must Improve College Participation and Credential Attainment Rates to Remain Competitive |
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Meeting Credential Goal Produces Significant Personal Economic Return |
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Per capita income increases when the state meets 60% credential attainment goal
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Meeting Credential Goal Produces Significant Economic Returns to the State |
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Status quo produces negative returns Under current postsecondary investment patterns, New York’s state revenues will decrease by about $1 billion in 2025.
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Meeting 60% credential goal pays off By meeting the 60% credential goal, New York will generate more annual revenue, topping approximately $5.8 billion in 2025.
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State Revenues Exceed Costs When Credential Goal is Met |
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Status Quo: Revenues are lower than costs Under current postsecondary investment patterns, New York’s revenues are lower than costs by about $570 million in |
Meet 2025 goal: Revenues exceed costs By meeting the 60% credential attainment goal, New York’s revenues exceed postsecondary costs by about $5 billion by
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This analysis was prepared using the CLASP-NCHEMS Return on Investment Dashboard tool. See clasp2022.tealmedia.dev/ROIdashboard |