An Alfred State College (ASC) education really pays off with a high return on investment (ROI) according to a recent report by Georgetown University’s Center on Education and the Workforce.
Titled “A First Try at ROI: Ranking 4,500 Colleges,” the report uses data from the expanded College Scorecard to rank 4,500 colleges and universities. The College Scorecard is an online tool created by the US government to help students make informed decisions about their education options after high school.
According to the report, Alfred State earned a No. 2 spot in the 10-year earnings ranking when compared against other New York public colleges whose predominant degree is the associate offering. Among these same schools, Alfred State also came in at No. 2 in both the graduation rate and seven-year repayment rankings.
Dr. Kristin Poppo, provost, said, “At Alfred State, we offer programs that are in high demand in the workforce within a robust SUNY degree. This education is a game changer for the majority of our students who come from low-income families. This study, as well as others, shows our success in providing social mobility to our students. We are proud to make a difference in our students’ lives by providing them access to well-paying, living wage jobs that lead to a better future for them and their families.”
The graduation rate, the report states, is the rate at which full-time, first-time students complete their credentials within 150 percent of the expected time. The seven-year repayment rate is the share of borrowers who have repaid at least one dollar of the principal on their student loans since entering repayment.
Alfred State also fared well in the net present value (NPV) rankings. NPV is how much a sum of money in the future is valued today. This metric includes costs, future earnings, and the length of time it would take to invest and earn a certain amount of money over a fixed horizon.
ASC came in at No. 6 in the 10-year NPV list of four-year public colleges in New York State. Alfred State was also third among SUNY schools in this list.