Investing in success – MassINC
Publication date : April 11, 2022
Sponsors:The Boston Foundation
Richard and Susan Smith Family Foundation
Build on 2021 MassINC to research, this new report provides a rigorous and comprehensive cost-benefit analysis of community colleges in Massachusetts. The results document significant returns for students who graduate with certificates or diplomas. While taxpayers also realize substantial tax benefits per degree, low graduation rates mean returns to state spending are minimal overall and underfunded community colleges cost the state millions. every year. This suggests that evidence-based initiatives that increase completion rates can generate significant return on investment for the Commonwealth.
New longitudinal data enabled this research. The findings make a timely contribution to the growing public policy debate about how Massachusetts can ensure community colleges provide pathways to economic opportunity. They also demonstrate the valuable insights these rich new datasets can unlock for decision makers.
This research was made possible by the generous financial support of the Boston Foundation and the Richard and Susan Smith Family Foundation.