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ERIC Number: EJ930722
Record Type: Journal
Publication Date: 2010-Oct-15
Pages: N/A
Abstractor: ERIC
Reference Count: N/A
ISBN: N/A
ISSN: ISSN-1938-5978
Show Me the Money! Why Higher Ed Should Help K-12 Do Economic Impact Studies
Alam, Nadia
New England Journal of Higher Education, Oct 2010
In education, economic impact studies have been largely the product of higher education institutions. Colleges and universities have recognized that they can cultivate public, political and financial support by effectively demonstrating their high return-on-investment value. For more than a decade, all types of higher education institutions have been conducting these studies. Business and nonprofit leaders across a diverse array of industries, including higher education, understand that an economic impact statement serves as a valuable public relations and political tool. However, in education, the K-12 sector has yet to catch on to the trend. Given that the recession is wreaking havoc on elementary, middle and secondary school budgets, it would benefit K-12 schools to follow higher education's example and draw greater public attention to their significant economic worth. K-12 officials can benefit by engaging higher education leaders in discussions about how to administer economic impact studies. In fact, the author argues that it is in the interest of higher education to assist K-12 schools in carrying out economic impact assessments; after all, supporting earlier educational levels translates into a direct investment in tomorrow's college students. (Contains 2 endnotes.)
New England Board of Higher Education. 45 Temple Place, Boston, MA 02111. Tel: 617-357-9620; Fax: 617-338-1577; e-mail: info@nebhe.org; Web site: http://www.nebhe.org
Publication Type: Journal Articles; Opinion Papers
Education Level: Elementary Secondary Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A