ALL |
META-ANALYSIS |
CITATIONS |
|
Benefit-Cost Summary Statistics Per Participant | ||||||
---|---|---|---|---|---|---|
Benefits to: | ||||||
Taxpayers | $882 | Benefits minus costs | $3,602 | |||
Participants | $2,269 | Benefit to cost ratio | $6.20 | |||
Others | $1,757 | Chance the program will produce | ||||
Indirect | ($613) | benefits greater than the costs | 67% | |||
Total benefits | $4,296 | |||||
Net program cost | ($693) | |||||
Benefits minus cost | $3,602 | |||||
Meta-Analysis of Program Effects | ||||||||||||
Outcomes measured | Treatment age | No. of effect sizes | Treatment N | Adjusted effect sizes(ES) and standard errors(SE) used in the benefit - cost analysis | Unadjusted effect size (random effects model) | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
First time ES is estimated | Second time ES is estimated | |||||||||||
ES | SE | Age | ES | SE | Age | ES | p-value | |||||
Persistence within 1st year Persistence from enrollment through the end of the first year of higher education in a 2- or 4-year institution. |
18 | 3 | 332 | 0.298 | 0.185 | 18 | 0.298 | 0.185 | 18 | 0.377 | 0.012 | |
Persistence into 2nd year Completion of the first year and re-enrollment in the second year of higher education in a 2- or 4-year institution. |
18 | 4 | 671 | 0.143 | 0.071 | 19 | 0.143 | 0.071 | 19 | 0.269 | 0.005 | |
Persistence into 3rd year Completion of the second year and enrollment into a third year of higher education in a 2- or 4-year institution. |
18 | 1 | 181 | 0.087 | 0.140 | 20 | 0.087 | 0.140 | 20 | 0.164 | 0.243 | |
Persistence into 4th year Completion of the third year and enrollment into a fourth year of higher education in a 2- or 4-year institution. |
18 | 1 | 94 | 0.092 | 0.194 | 21 | 0.092 | 0.194 | 21 | 0.173 | 0.374 | |
College grade point average^ Grade point average in a higher education institution. |
18 | 1 | 54 | 0.047 | 0.157 | 19 | n/a | n/a | n/a | 0.089 | 0.573 |
Detailed Monetary Benefit Estimates Per Participant | ||||||
Affected outcome: | Resulting benefits:1 | Benefits accrue to: | ||||
---|---|---|---|---|---|---|
Taxpayers | Participants | Others2 | Indirect3 | Total |
||
Persistence into 2nd year | Labor market earnings associated with higher education | $1,415 | $3,333 | $1,757 | $0 | $6,505 |
Costs of higher education | ($533) | ($1,064) | $0 | ($266) | ($1,863) | |
Program cost | Adjustment for deadweight cost of program | $0 | $0 | $0 | ($347) | ($347) |
Totals | $882 | $2,269 | $1,757 | ($613) | $4,296 | |
Detailed Annual Cost Estimates Per Participant | ||||
Annual cost | Year dollars | Summary | ||
---|---|---|---|---|
Program costs | $504 | 2006 | Present value of net program costs (in 2022 dollars) | ($693) |
Comparison costs | $0 | 2016 | Cost range (+ or -) | 30% |
Benefits Minus Costs |
Benefits by Perspective |
Taxpayer Benefits by Source of Value |
Benefits Minus Costs Over Time (Cumulative Discounted Dollars) |
The graph above illustrates the estimated cumulative net benefits per-participant for the first fifty years beyond the initial investment in the program. We present these cash flows in discounted dollars. If the dollars are negative (bars below $0 line), the cumulative benefits do not outweigh the cost of the program up to that point in time. The program breaks even when the dollars reach $0. At this point, the total benefits to participants, taxpayers, and others, are equal to the cost of the program. If the dollars are above $0, the benefits of the program exceed the initial investment. |
Boudreau, C.A., & Kromrey, J.D. (1994). A longitudinal study of the retention and academic performance of participants in freshmen orientation course. Journal of College Student Development, 35 (6), 444-49.
Clark, M.H., & Cundiff, N.L. (2011). Assessing the effectiveness of a college freshman seminar using propensity score adjustments. Research in Higher Education, 52 (6), 616-639.
Hendel, D.D. (2006). Efficacy of participating in a first-year seminar on student satisfaction and retention. Journal of College Student Retention: Research, Theory & Practice, 8 (4), 413-423.
Hoops, L.D., Yu, S.L., Burridge, A.B., & Wolters, C.A. (2015). Impact of a student success course on undergraduate academic outcomes. Journal of College Reading and Learning, 45 (2), 123-146.
Strumpf, G., & Hunt, P. (1993). The effects of an orientation course on the retention and academic standing of entering freshmen, controlling for the volunteer effect. Journal of the Freshman Year Experience, 5 (1), 7-14