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Developing a Multimetric Accountability System for Postsecondary Institutions

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Title: Developing a Multimetric Accountability System for Postsecondary Institutions
Language: English
Authors: Baum, Sandy, Blom, Erica, Cohn, Jason, Urban Institute, Center on Education Data and Policy
Source: Urban Institute. 2022.
Availability: Urban Institute. 2100 M Street NW, Washington, DC 20037. Tel: 202-261-5687; Fax: 202-467-5775; Web site: http://www.urban.org
Peer Reviewed: N
Page Count: 14
Publication Date: 2022
Sponsoring Agency: Arnold Ventures
Document Type: Reports - Research
Education Level: Higher Education
Postsecondary Education
Two Year Colleges
Descriptors: Accountability, Student Loan Programs, Loan Default, Federal Aid, Student Financial Aid, Colleges, Debt (Financial), Eligibility, Risk, Standards, Measurement Techniques, Loan Repayment, Institutional Characteristics, Public Colleges, Private Colleges, Two Year Colleges, Undergraduate Students, Graduation Rate, Time to Degree, Labor Market, Outcomes of Education, College Graduates
Abstract: This brief examines the impact of using a system based on multiple metrics that requires institutions to pass three out of four thresholds for student loan default, student loan repayment, program completion, and postcollege earnings. Currently, a very high loan default rate is the only student outcome that disqualifies institutions from the federal student aid system. Relying on multiple metrics diminishes the risk of institutions manipulating their outcomes and requires satisfactory performance in more than one area, while allowing flexibility for differing programs, missions, and circumstances. These metrics illustrate the importance of a range of choices, including weighting default rates by the share of students borrowing; focusing on the share of debt retired as opposed to the share of students retiring any debt; setting different completion thresholds for four-year, two-year, and less-than-two-year institutions; and monitoring indicators of the distribution of earnings rather than just graduates' average earnings, with different thresholds for different types of institutions. A related report on this subject provides analysis of other constructive adjustments (Baum, Blom, and Cohn 2022). These adjustments can have a major impact on which institutions pass and which institutions fail the accountability test. It concludes that minimum standards should apply to all institutions regardless of their student bodies, but thresholds, particularly for earnings and completion rates, should differ by program length. [For the related report, "Using Multiple Metrics to Strengthen Institutional Accountability. Research Report," see ED620602.]
Abstractor: ERIC
Entry Date: 2022
Accession Number: ED620784
Database: ERIC
FullText Text:
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  Data: Developing a Multimetric Accountability System for Postsecondary Institutions
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  Data: Urban Institute. 2100 M Street NW, Washington, DC 20037. Tel: 202-261-5687; Fax: 202-467-5775; Web site: http://www.urban.org
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  Data: 14
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  Data: 2022
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  Data: This brief examines the impact of using a system based on multiple metrics that requires institutions to pass three out of four thresholds for student loan default, student loan repayment, program completion, and postcollege earnings. Currently, a very high loan default rate is the only student outcome that disqualifies institutions from the federal student aid system. Relying on multiple metrics diminishes the risk of institutions manipulating their outcomes and requires satisfactory performance in more than one area, while allowing flexibility for differing programs, missions, and circumstances. These metrics illustrate the importance of a range of choices, including weighting default rates by the share of students borrowing; focusing on the share of debt retired as opposed to the share of students retiring any debt; setting different completion thresholds for four-year, two-year, and less-than-two-year institutions; and monitoring indicators of the distribution of earnings rather than just graduates' average earnings, with different thresholds for different types of institutions. A related report on this subject provides analysis of other constructive adjustments (Baum, Blom, and Cohn 2022). These adjustments can have a major impact on which institutions pass and which institutions fail the accountability test. It concludes that minimum standards should apply to all institutions regardless of their student bodies, but thresholds, particularly for earnings and completion rates, should differ by program length. [For the related report, "Using Multiple Metrics to Strengthen Institutional Accountability. Research Report," see ED620602.]
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  Data: 2022
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  BibEntity:
    Languages:
      – Text: English
    PhysicalDescription:
      Pagination:
        PageCount: 14
    Subjects:
      – SubjectFull: Accountability
        Type: general
      – SubjectFull: Student Loan Programs
        Type: general
      – SubjectFull: Loan Default
        Type: general
      – SubjectFull: Federal Aid
        Type: general
      – SubjectFull: Student Financial Aid
        Type: general
      – SubjectFull: Colleges
        Type: general
      – SubjectFull: Debt (Financial)
        Type: general
      – SubjectFull: Eligibility
        Type: general
      – SubjectFull: Risk
        Type: general
      – SubjectFull: Standards
        Type: general
      – SubjectFull: Measurement Techniques
        Type: general
      – SubjectFull: Loan Repayment
        Type: general
      – SubjectFull: Institutional Characteristics
        Type: general
      – SubjectFull: Public Colleges
        Type: general
      – SubjectFull: Private Colleges
        Type: general
      – SubjectFull: Two Year Colleges
        Type: general
      – SubjectFull: Undergraduate Students
        Type: general
      – SubjectFull: Graduation Rate
        Type: general
      – SubjectFull: Time to Degree
        Type: general
      – SubjectFull: Labor Market
        Type: general
      – SubjectFull: Outcomes of Education
        Type: general
      – SubjectFull: College Graduates
        Type: general
    Titles:
      – TitleFull: Developing a Multimetric Accountability System for Postsecondary Institutions
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            – D: 01
              M: 06
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              Y: 2022
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