Postsecondary Educational Value
Why It Matters, Who Is Measuring It, and Where We Go Now
Summary
Students, parents, and policymakers want assurances about the value of postsecondary education and training, prompting experts to develop new ways of measuring the impact of college credentials. As new postsecondary value metrics appear, stakeholders are grappling with the task of determining which metrics to use for which audiences and purposes.
CEW’s new three-report series helps policymakers, researchers, practitioners, and administrators navigate the complex challenges of measuring postsecondary value. The series examines what various stakeholder groups expect postsecondary education and training to do, how these groups measure outcomes, and what changes in policy and practice need to happen next to ensure that postsecondary education delivers on its full potential.
Register here for an hour-long webinar exploring the series with CEW researchers on October 20 at 2:00 pm ET.
From Mann to Markets
The first report in the series, From Mann to Markets: Evolving Ideas About the Value of Postsecondary Education and Training to Individuals and Society, examines the historical and philosophical developments that have led policymakers and the public to focus on earnings and return on investment as the primary measures of postsecondary education and training success.
Measuring Postsecondary Value
The second report in the series, Measuring Postsecondary Value: A Model for Applying Research to Policy and Practice, provides a resource to help leaders identify and measure how investments in higher education support the production of credentials that lead to value for both students and society.
The report’s Postsecondary Value Model (PVM) organizes metrics into categories that generally align with educational inputs (e.g., investments) and outputs (e.g., credentials) that contribute to value-related monetary and nonmonetary outcomes. The PVM includes six categories of inputs, outputs, and outcomes: investment, education, employment, earnings, wealth, and well-being.
A Framework for Assessing the Value of Postsecondary Education and Training
The third and final report in the series, A Framework for Assessing the Value of Postsecondary Education and Training: State Guidance, provides practical direction for defining and measuring postsecondary value to policymakers, policy analysts, researchers, and practitioners at the state level, with particular attention to two major use cases. The first use case is assessing the broad value that accrues to each state from a robust postsecondary education and training system; the second is applying transparency and accountability metrics to ensure that institutions and programs deliver on the value they promise to students.
Conclusion
Taken together, these three reports offer a comprehensive overview of the challenges associated with measuring postsecondary value—and the many scenarios in which such measurement is both useful and necessary. Through analysis and synthesis of the value metrics currently in use, these reports provide evidence-based recommendations to better measure and enhance the value of education and training moving forward. They also offer detailed recommendations for specific use cases, including justification for public investments and accountability at the state level.
Downloads
CEW’s new three-report series helps policymakers, researchers, practitioners, and administrators navigate the complex challenges of measuring postsecondary value.


