College administrators are better positioned than ever before to make decisions about adopting programs based on the effectiveness and cost of interventions. There is, however, a third piece of information critical to decision-making: the amount of revenue an intervention would generate at their college because of increased student retention, course taking, and degree attainment.
It is rare for studies to estimate the amount of revenue generated by an intervention. Furthermore, colleges differ in their tuition rates, and states differ in their higher education funding formulas, making estimates of the revenue generated by an intervention at one institution of little use to administrators at another institution. Thus, college administrators are largely left to their own devices.
MDRC’s Intervention Return on Investment (ROI) Tool is a free, interactive web application that allows community college administrators to estimate the costs and revenues associated with implementing an intervention (for example, enhanced advising) at their college based on customized regional prices, college expenditures, tuition prices, and state funding models.
The tool comes pre-loaded with 20 community college interventions—including comprehensive student support programs, developmental education reforms, financial aid reforms, learning communities, communication campaigns, and mentoring programs—that MDRC has studied in randomized controlled trials. Additionally, with a little more work, users can input information about an intervention from a non-MDRC study.
Launch the ROI Tool