ERIC Number: ED118187
Record Type: RIE
Publication Date: 1974-Jun
Reference Count: 0
Descriptive Cost-Benefit Studies of Selected Wisconsin VTAE Programs. Final Report.
A cost-benefit study of vocational-technical education was conducted at Southwest Wisconsin Vocational-Technical Institute in 1974. Thirty surveys were mailed to students who had graduated in May 1973 from the account clerk program or the business administration-accounting program at Southwest Tech. Thirty-one surveys were mailed to those who had applied to attend Southwest Tech during the 1973-74 school year, but did not attend. Response rates were 63 percent for the graduate survey and 41.9 percent for the nonattendant survey. The private economic benefit variable studied was income after graduation. The private economic cost variables were books and supplies, room and board, fees, transportation, and foregone earnings. The private noneconomic cost and benefit variables were satisfaction with the community, convenience, and attitudes toward education, present job, and making a decision as to a lifetime occupation. Costs are calculated and shown in tables; the average payback periods were found to be 6.97 years and 5.6 years. Since graduates have higher employment, higher earnings, and are more satisfied with their jobs and community, vocational-technical education would seem to be a worthwhile investment. The survey instruments are appended, and data are tabulated throughout the report. (Author/NHM)
Publication Type: Reports - Research
Education Level: N/A
Sponsor: Wisconsin State Board of Vocational, Technical, and Adult Education, Madison.
Authoring Institution: Southwest Wisconsin Vocational-Technical Inst., Fennimore.
Note: Project No. 19-029-151-224. Some pages may film poorly