• Investing in College Readiness...

Treffer: Investing in College Readiness: Societal Benefits and Costs of the El Dorado College Promise Program. EdWorkingPaper No. 25-1161

Title:
Investing in College Readiness: Societal Benefits and Costs of the El Dorado College Promise Program. EdWorkingPaper No. 25-1161
Language:
English
Authors:
Lu Xu, David S. Knight, Annenberg Institute for School Reform at Brown University
Source:
Annenberg Institute for School Reform at Brown University. 2025.
Availability:
Annenberg Institute for School Reform at Brown University. Brown University Box 1985, Providence, RI 02912. Tel: 401-863-7990; Fax: 401-863-1290; e-mail: annenberg@brown.edu; Web site: https://annenberg.brown.edu/
Peer Reviewed:
N
Page Count:
51
Publication Date:
2025
Sponsoring Agency:
National Science Foundation (NSF)
Contract Number:
2055062
Document Type:
Report Reports - Research
Education Level:
Higher Education
Postsecondary Education
Descriptors:
College Readiness, College Attendance, Place Based Education, Educational Benefits, Tuition, Costs, Rural Areas, Program Descriptions, Cost Effectiveness, Outcomes of Education, Scholarships, School Districts, Access to Education, Public Schools
Geographic Terms:
Arkansas
Entry Date:
2025
Accession Number:
ED672436
Database:
ERIC

Weitere Informationen

A growing volume of research shows college promise programs increase the likelihood that students enroll in and complete college. Place-based promise programs provide a guaranteed college scholarship for students who attend a specified school district. We examine the societal benefits and costs of a place-based scholarship program in rural Arkansas, the El Dorado Promise. Our cost framework treats tuition payments as a cash transfer that shifts the cost burden of higher education, rather than causing new societal costs. Findings show the program provides societal benefits equal to $4.6 for each dollar invested. Our Monte Carlo simulations show that the program produces benefits to society that exceed costs in 91 percent of scenarios, providing a high likelihood of positive returns.

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