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Competency-based education: A study of four new models and their implications for bending the higher education cost curve
Donna M. Desrochers; Richard L. Staisloff
In this report the authors assess CBE programs at four institutions by considering business models, costs, etc. and what is required from institutions to 'get to breakeven'. The four institutions anticipate breaking even with their programs by the fifth year, and they project that by the sixth year these programs will be operating at half the cost of the traditional academic programs. The article describes how an evaluation of the competency- based education business model must include considerations regarding price, efficiency (academic delivery structure, staff ratios, and compensation), and scale (student recruitment, enrollment, and retention).

Change Topics (Working Groups): Costs and Benefits
Resource Type: Report
Program Components: Professional Development:Curriculum Development, Course Evaluation, Institutional Systems:Strategic Planning

Benefit–Cost Analysis of Undergraduate Education Programs: An Example Analysis of the Freshman Research Initiative
Rebecca L. Walcott; Phaedra S. Corso; Stacia E. Rodenbusch; and Erin L. Dolan
The authors comprehensively describe how to conduct a cost-benefit analysis of an undergraduate education program, using a detailed real-life example to illustrate the process. Principal conclusion: the university's investment in Freshman Research Initiative generates a positive return for students in the form of increased future earning potential (p. 1).

Change Topics (Working Groups): Costs and Benefits
Resource Type: Journal Article
Program Components: Professional Development:Course Evaluation, Institutional Systems:Evaluating Teaching, Strategic Planning

Transforming Institutions
Transforming Institutions This book brings together chapters from scholars in the 2011 and 2014 Transforming Institutions conferences. It provides an overview of the context and challenges in STEM higher ...

Change Topics (Working Groups): Change Leaders, Costs and Benefits
Resource Type: Book
Program Components: Professional Development:Curriculum Development, Course Evaluation, Professional Development